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Think about of the following broad categories of strategic b

Think about of the following broad categories of strategic business planning:
Finance Plan
Human Resource Plan
Crisis Management Plan
Competition Plan
Marketing Plan
Risk Analysis

Why do you think each particular component of the plan is important? Explain how each component fits into the overall strategic business plan. Are there any components you think are not necessary? Why or why not?

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Think about of the following broad categories of strategic business planning:
Finance Plan
Human Resource Plan
Crisis Management Plan
Competition Plan
Marketing Plan
Risk Analysis

Why do you think each particular component of the plan is important? Explain how each component fits into the overall strategic business plan. Are there any components you think are not necessary? Why or why not?

Solution:

Each component is definitely necessary, and if I had to list the components in their order of importance, my list would appear as:

Finance Plan
Risk Analysis
Human Resource Plan
Crisis Management Plan
Competition Plan
Marketing Plan

If a company does not have a solid finance plan, the company very simply isn't going to survive for very long. Every company, regardless of how big or small it starts out, must have a solid financial plan to determine where the funds will be allocated, what percentage of funds goes where, etc. The finance plan cannot be completed half-way, or ...

Solution Summary

Think about of the following broad categories of strategic business planning:
Finance Plan
Human Resource Plan
Crisis Management Plan
Competition Plan
Marketing Plan
Risk Analysis

Why do you think each particular component of the plan is important? Explain how each component fits into the overall strategic business plan. Are there any components you think are not necessary? Why or why not?

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