Business Plan

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The response addresses the queries posted in 1045 words with references.

//Before writing about the components of business plan, we have to understand its need and importance. We will discuss about the goals and objectives of the business plan and its effectiveness in the attainment of the objectives of an organization for managing its international operations. So, firstly we will discuss about the business plan under the heading Introduction, for example: //

Introduction

An official statement of a set of business purposes, the rationale why they are achievable and strategies for realizing these objectives is a business plan. It also includes the general information about the organizations and the working group who are responsible for attaining these goals. The reason behind attempting the business goals may differ from for-profit or not-for-profit. For-profit business plans commonly reflect on financial goals while not-for-profit and government agency business plans are likely to concentrate on service goals (Business Plans, 2007).

Business plans are most likely internally or externally attentive. Business plans that hold target goals, that are significant to external stakeholders, principally financial stakeholders, are externally focused plans. They usually have thorough information about the organization and working group who are responsible for attaining these goals. External stakeholders comprises of the investors and customers. Business plans that target transitional goals essential to attain the external goals are internally focused plans. They may contain development of an innovative product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization (Business Plans, 2007).

//Above, we discussed about the importance ...