Question

The process of writing a business plan is important because it lays out the steps need to meet the firm's goals and vision of growth. Additionally, it acts as a management tool that can be referred to regularly to ensure the business is on track with meeting goals and operational milestones. Its also conveys the organizational structure of the the business, including job titles and job descriptions.DISCUSS

Answer 1

The plan is a document of the processes that would be taken ahead with time for the best of business gains. Hence the business plan is the tool that not only explains the business vision and mission based on which the planning is done but also gives a detailed description of the things those need to be done in the days ahead. The tool like plans is a documented process flow statement which is based on the long term mission and business vision which suggests the place that the business wishes to reach. The referrals of the planning documents are based on the ways that need to be adopted for the firm’s mission and vision achievement. This gives a clue of what has to be done, when, and how. This gives the idea of the manpower needed for such a job or project for its best accomplishments. So the right man for the right job at the right time is needed for the planned accomplishment is understood from such a document. This gives the idea of the budgets and skills and resources for the project with a guided timeline.

The job description and the organizational structure too get the clue from planning which is made based on what is to be accomplished and when. The plan to do things makes the need of people, resources as well as the hierarchy due to the departmentalization for the various projects to make the business accomplish its mission. Hence the clue of what needs to be done to achieve a particular job gives the idea of the operational milestone that is targeted. So the plan gives the clue of who needs to do what and how and when which is the basis of making the structure of the project based on the business plans. This is the core of the needful assessment for the time ahead based on the plan as is made by the plan of the business as made or desires.