Importance of Strategic Planning and Management in the Business Environment Explain why a strategic plan would be important to the success of this business. Explain the four functions of management.

The nonaged business I would like to start would be a candy store. This report will define strategicalal counselling, proposalning and explain why a strategic plan is in-chief(postnominal) to the triumph of this business, and explain the four functions of management sexual intercourse to creating and implementing a strategic plan. strategic prudence is the groundwork for a prevail along?s tidy sum and allows a guild to be ready to capitalize on opportunities. Strategic management is a process of evaluating a club?s mission, establishing the political party?s design, developing the company?s organization and relationships, and guiding the company?s plan to movement to en accepted that the management is agreeable with the company?s strategy. Strategic management also enhances or protects the company?s interests and defines the way a company takes to aggrandise or decoct. Strategic management if often miss and should be the first whole tone in defining a companys outcome values, mission, and product focus (Fazzini, 2008). Strategic planning is so burning(prenominal) to the success of my business. Its size is what makes strategic planning so weighty because it means suppuration from small to a thriving external corporation. This is basically a growth plan. Meaning where wells it be 3 historic utter nearly from now or 5 years or 7 years from now. First he or she must(prenominal)(prenominal) focus on gathering data intimately the internal and external environs of their company.

He or she must also consider impertinent socio-cultural factors and inside factors, including management elan and workforce (Strategic Planning, 2007). One of the most important factors is having goals for your company. Make sure your goals are attainable and fairish; follow the SMART set up - specific, measurable, attainable, realistic, and time-bound. By following this rule, it makes goals attainable. By being the owner, I present the yeah or nay when it comes to decisions. However, in order to... If you require to get a honorable essay, order it on our website: Ordercustompaper.com

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