Explain the purpose of a business plan and its benefits

Assignment Help Management Theories

Reference no: EM133501467

Case: Present business plan to the rest of the management team.
At the meeting to discuss your plan, you must:

- Explain the purpose of a business plan and its benefits.

- Introduce the plan including how the plan reflects the business's vision, mission, values and objectives.

- Provide an overview of the business plan, carefully explaining each part.

- Seek feedback on the plan, in particular; the actions indicated to achieve the strategic objectives, the performance indicators you are proposing and approval to procure the skilled labour.

- Provide the information in user-friendly terms, as not all of the management team are familiar with the business planning processes.

- Listen to the feedback provided by the management team (your assessor).

- Demonstrate effective communication skills including asking questions to elicit feedback from the management team, responding to questions from the management team and active listening.

- Submit presentation slides/note

Following the meeting, incorporate the feedback received into the business plan and submit the final plan to the management team (your assessor).

Reference no: EM133501467

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