This is a Business and Management Paper which is based on Developing a Strategic Plan. The paper also entails the differences in strategic planning for a single-business and a multi-business company.
Business and Management Paper- Developing a Strategic Plan
Conduct research using your textbook and Library resources (Internet resources are unacceptable) as necessary. Based on all of the strategy concepts you have learned share your understanding of developing a strategic framework for a business by meeting the following criteria:
To begin with, explain what strategic planning is, and why it is important to a company by giving practical examples and using research.
Then, list the components of a strategic plan and explain the importance of each component in a strategic plan. Give practical examples and using research.
Also, explain the differences in strategic planning for a single-business and a multi-business company.
Explain the intricacies of strategic planning for businesses in the international marketplace by providing examples and using research.
Lastly, explain why developing a strategic plan is easier than executing it.
Business and Management Paper- Developing a Strategic Plan
** Use a minimum of three peer-reviewed, academic research resources (including your textbook)
** Use as many concepts from Chapters 7 and 8 of your textbook to complete this assignment as
possible
MUST BE formatted as shown in the example attached.
Strategic planning is the process of documenting and establishing a direction of your small business—by assessing both where you are and where you’re going. The strategic plan gives you a place to record your mission, vision, and values, as well as your long-term goals and the action plans you’ll use to reach them. A well-written strategic plan can play a pivotal role in your small business’s growth and success because it tells you and your employees how best to respond to opportunities and challenges.
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