Facilitating better decision making in a Businness Plan
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Facilitating better decision making in a Businness Plan
A comprehensive business plan facilitates better decision making by providing entrepreneurs with a clear and structured approach to managing their business. The plan outlines the objectives
and strategies for the business, and provides a framework for making informed decisions about the future development of the business.
One of the key benefits of a business plan is that it helps entrepreneurs to better understand their market and target customers. By conducting market research and analyzing consumer trends,
entrepreneurs can develop a deep understanding of their target market and the needs of their customers. This information is critical for making informed decisions about product development,
marketing and sales strategies, and other key business initiatives. Facilitating better decision making in a Businness Plan
A business plan also provides entrepreneurs with a clear understanding of the financial projections for the business, which is critical for managing finances. Financial projections provide a
clear picture of the expected revenue, expenses, and cash flow for the business, enabling entrepreneurs to make informed decisions about how to allocate resources and manage finances. By
having accurate financial projections, entrepreneurs can identify potential challenges and risks, and take proactive steps to mitigate them, reducing the risks associated with poor financial
management. Facilitating better decision making in a Businness Plan
Moreover, a business plan provides a clear understanding of the marketing and sales strategies for the business, which is critical to the success of the business. The plan outlines the
strategies for attracting and retaining customers, and provides a roadmap for executing marketing and sales activities that drive growth. By having a well-conceived marketing and sales plan in
place, entrepreneurs can make informed decisions about how to allocate resources and optimize their marketing and sales efforts, increasing the chances of success.
In addition to these specific benefits, a comprehensive business plan provides entrepreneurs with a structured approach to managing their business. It helps entrepreneurs to stay focused on
their goals and to make informed decisions, and provides a roadmap for achieving success. By having a solid business plan in place, entrepreneurs can make better decisions about the future
development of their business, reducing the risks associated with poor decision making. Facilitating better decision making in a Businness Plan
In conclusion, a comprehensive business plan facilitates better decision making by providing entrepreneurs with a clear and structured approach to managing their business. The market and
customer analysis, financial projections, marketing and sales strategies, and overall level of professionalism and commitment demonstrated in the plan can be critical factors in the success of
entrepreneurial ventures, enabling entrepreneurs to make informed decisions about the future development of their business. By having a well-conceived and executed business plan,
entrepreneurs can reduce the risks associated with poor decision making and increase the chances of success in their business ventures. Facilitating better decision making in a Businness
Plan
Facilitating better decision making in a Businness Plan
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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