1. Creating an Effective Business Plan
Strategic planning aids in handling various issues according to the level of importance, that is, the organization sets its priorities right[Bec08]. ... The relationship between budgets, long term strategies and short term operating plans occurs in numerous dimensions. ... Lack of a budget impairs the ability of a company to conduct short term operating plans and to implement long term strategies because management of funds is vital to paying for the short term operating plans that can be used to achieve long term strategies [Bec08]. ... There is need for justification on a cost benefit basis...
- Word Count: 1070
- Approx Pages: 4
- Grade Level: Undergraduate