(Refer the earlier post for better understanding)
Business Plan: Uses
- For raising or securing the money necessary to support the new venture and to each the proposed business goals.
- For deciding takeovers or mergers.
- For reorganizing the business.
- For providing a vision of the future for all the concerned including the employees.
- For defining information for internal planning.
- The information for internal planning allows managers to set priorities, assist in goal setting, allocate resources and guide in decision making and performance assessments.
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