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Strategic planning and management

1. prepare a 700 or more word paper selecting a small business that you may want to start. (Not a business already in the solution library)

a. Define strategic planning and management.
b. Explain why a strategic plan would be important to the success of this business. Be specific and avoid vague, obvious, and preaching type sentences such as "Strategic planning is important to all businesses " or " Why does a business fail? " or " If you fail to plan, you are planning to fail " etc. Take a Cause -> Effect approach.
c. Explain the nine critical tasks and the four functions of management relative to creating and implementing a strategic plan.

Solution Summary

1. prepare a 700 or more word paper selecting a small business that you may want to start.

a. Define strategic planning and management.
b. Explain why a strategic plan would be important to the success of this business. Be specific and avoid vague, obvious, and preaching type sentences such as "Strategic planning is important to all businesses " or " Why does a business fail? " or " If you fail to plan, you are planning to fail " etc. Take a Cause -> Effect approach.
c. Explain the nine critical tasks and the four functions of management relative to creating and implementing a strategic plan

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