Question 9: Why is a business plan and strategy so important to any business or

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Question 9: Why is a business plan and strategy so important to any business or to anyone thinking of starting a business? Why is it important to understand your business processes and functions and keep them “in house”? What are the 4 types of plans that every organization must have?
Please use your own words and cite your source. TYPE OUT your response Question 9: Why is a business plan and strategy so important to any business or to anyone thinking of starting a business? Why is it important to understand your business processes and functions and keep them “in house”? What are the 4 types of plans that every organization must have?
Please use your own words and cite your source. TYPE OUT your response Question 9: Why is a business plan and strategy so important to any business or to anyone thinking of starting a business? Why is it important to understand your business processes and functions and keep them “in house”? What are the 4 types of plans that every organization must have?
Please use your own words and cite your source. TYPE OUT your response

Explanation / Answer

An initial business plan or a strategy is a diagram or a guide of what, when and how to execute so that you can make the foundation of your business. It goes about as a guide of how the business should put itself in the market. This is one of the start up plans which each firm should have set up and they additionally characterize the vision and mission of an organization. It is critical to completely see all business procedures to have the capacity to check the procedure work process. It must be kept in house since it includes a ton of private data and must not be imparted to anybody. Four kinds of plans which each association must have -

As per Chegg one question at a time. Thus please ask the rest question separately.

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