Access over 20 million homework & study documents

Business Planning and Strategy Evaluation

Content type
User Generated
Type
Essay
Rating
Showing Page:
1/12
Running Header: BUSINESS PLANNING AND STRATEGY EVALUATION
1
Business Planning and Strategy Evaluation Paper
Student’s Name
Affiliation

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/12
BUSINESS PLANNING AND STRATEGY EVALUATION 2
Business Planning and Strategy Evaluation
Introduction
For any good enterprise to forge a head in the world of business it must have a good
management system that accounts for good business practices (Laycock & Jurgen, 2009). This
management understands the importance of a business plan and the laying of business strategies.
A business plan and a business strategy are generated from the documents archived in the
company’s records (Laycock & Jurgen, 2009). Different information is used to make different
business assessments, whether evaluating the liquidity, solvency, profitability or management of
the business. Once the information has been gathered, sorted and categories it is then used in
planning and structuring of the business enterprise (Laycock & Jurgen, 2009). Every business
organization has a set of goals and objectives they wish to accomplish. It is however relevant that
the business uses the right processes and information in analyzing how to fulfill them. The goals
and objectives that are launched by an organizations act as their performance analysis kit
(Laycock & Jurgen, 2009).
For every set goal or objective achieved by the business it is a step in the right direction
(Laycock & Jurgen, 2009). For every failed objective it’s an indication of poor business
practices and performance. Where the business performs poorly over a long duration is an
indication to business owners and directors that it is time to create a new business plan or make
amendments to the old one (Laycock & Jurgen, 2009). By so doing the business hopes to
eliminate the poor performance and regain its competitive edge in the economy. Poor
management skills are a cause of worry for any business, regardless of how well defined and
structured the business plan is (Laycock & Jurgen, 2009). Bad management will deter the

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/12

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 12 pages?
Access Now
Unformatted Attachment Preview
Business Planning and Strategy Evaluation Paper Student's Name Affiliation Business Planning and Strategy Evaluation Introduction For any good enterprise to forge a head in the world of business it must have a good management system that accounts for good business practices (Laycock & Jurgen, 2009). This management understands the importance of a business plan and the laying of business strategies. A business plan and a business strategy are generated from the documents archived in the company's records (Laycock & Jurgen, 2009). Different information is used to make different business assessments, whether evaluating the liquidity, solvency, profitability or management of the business. Once the information has been gathered, sorted and categories it is then used in planning and structuring of the business enterprise (Laycock & Jurgen, 2009). Every business organization has a set of goals and objectives they wish to accomplish. It is however relevant that the business uses the right processes and information in analyzing how to fulfill them. The goals and objectives that are launched by an organizations act as their performance analysis kit (Laycock & Jurgen, 2009). For every set goal or objective achieved by the business it is a step in the right direction (Laycock & Jurgen, 2009). For every failed objective it's an indication of poor business practices and performance. Where the business performs poorly over a long duration is an indication to busines ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Great study resource, helped me a lot.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Documents