Execution and business plan Flashcards
Elements of a business plan
Executive summary
The company, strategy, and management team
Management and organization
The market and competitors
The product or service
Marketing and sales
Distribution plan
Financial Plan
Process of writing a business plan
Gathering the right data
Outlining the plan
Determining the kind of plan
Designating responsibilities
The blueprint of the step-by-step procedure that would be followed to
convert a business idea into a successful business venture
Business Plan
This business plan can be described as an outline of a lean business plan. It is
also called a business pitch or a quick summary.
One-page Business Plan
Is a lean business plan that contains details of the strategies and their
implementation to achieve the goals and objectives of a company
Strategic Business Plan
business plans that assess the practicality and potential success of a business
idea
Feasibility Business Plan
business plans that are detailed documents that focus on the day-to-day
operations and activities of a company.
Operational Business Plan
business plans that are strategic documents that outline responses to various
potential future scenarios
What-if Business Plan
Element of business plan that offers a comprehensive look at the entire
business plan, highlighting its key components.
Executive Summary
The section of the business plan dealing with the company’s mission affords
executives the opportunity to assess and articulate the overall driving force in
the business.
Business Mission
This element of business plan outlines the role of each employee and
clarifies who reports to whom within your company
Organizational Chart
This part of your business plan should demonstrate to potential investors
that there is a viable demand for your product or service, and that you possess a
thorough understanding of the market dynamics impacting your company.
The Market and Competitors
The business plan is a company’s first-line tool for obtaining funding and
other types of outside support.
External Use of a Business Plan
Process of identifying important people before the project begins; grouping
them according to their levels of participation, interest and influence.
Stakeholder Analysis
These arrangements covering joint research, product development, and
marketing have become increasingly vital for young, growing companies.
Strategic Alliances
