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Reasons for small businesses to strategically plan

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If the owner/ manager of a small company asked you for some advice concerning the introduction of strategic planning, what would you tell him or her? Why? What in your mind are the key reasons for being cautious about comprehensive planning?

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Solution Summary

A discussion on the reasons a small business should use strategic planning. Also included are the reasons for cautiousness in comprehensive planning.

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Strategic planning is important for every business. It creates an atmosphere of confidence that there is a direction the company is going and a plan to get there. Strategic planning gives owners a chance to plan and consider changes, consider new possibilities, ...

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