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Why is strategic planning essential to the survival of most businesses?
Wiki User
∙ 16y ago
Strategic planning narrows the focus and efforts of a business to a specific niche, (crowd, location, fad or economic group) to ensure success of their investment. This investment could consist of people, money, time, equipment and other combinations therof. By utilizing studies (done prior) the business has an advantage over others thus increasing the odds of success versus guessing.
Wiki User
∙ 16y ago
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What is the Fundamental objective of most businesses?
survival profits and growth
What Are The Basic Survival Skills Required In Running A Business?
The essential survival skills include a working understanding of primary bookkeeping; financing management; market evaluation; break-even analysis; workers management products or services information; legal structures; tax information and verbal exchange skills.
What is recovery and resolution planning?
This refers to the planning of how to survive a crises. A definite plan is required to meet the exigencies of a situation threatening the erosion of profitability or the company's survival. It has to be comprehensive and should cover all departments and personnel. Every staff member should be well informed as to what they are supposed to do or not do, on a need to know basis.
Conflict management and the survival of banking sub-sector?
what are the survival of banking sub-sector
Why is survival an aim for small business?
Survival as the word states means "trying to making it". When one starts a small business I believe they have sat down and written a short proposal including the pros and cons that can be encountered in such a business, so when they go out there to do the business, they don't always expect it to succeed by they have faith that it will. Survival tactics should be shown in your personal character to begin with; - a positive spirit is very essential because it keeps you going for another hour or day. - customer service; how you treat your now new customers determines whether they will trust you enough to come back - being self-motivated, not expecting someone to tell you what you should and shouldn't do otherwise taking the initiative to make things better or correct mistakes (these and more are survival tactics of small business).
What are the strategic contingency for survival?
the strategic contengency for survival are to work hard and to plan the coming tomorrow.
What is the theme for national science month celebration 2011?
"Science Clubbing: A Strategic Contingency for Survival,"
What has the author Jean M Burke written?
Jean M. Burke has written: 'Survival of the fittest' -- subject(s): Food industry and trade, Cooperative societies, Strategic planning
The function that is not needed for survival of the organism but is essential for the survival of the species is?
Reproduction
Is killing the pig essential to the survival of the group?
No, killing the pig is not essential to the survival of the group. There are other ways to obtain food and resources for survival without harming animals.
Is determination essential to survival?
yes
How are volcanoes essential to earths survival?
However, volcanoes are essential to earths survival they act like a safety valve for the planet (it releases pressure)
What nonmetal gas is essential for your' survival?
Chlorine.
Why is an acequia essential to the survival of the missions?
Hansen
Why is reproductive essential?
to ensure the survival of a species.
Which is not essential to survival?
Anything manufactured by Apple!
Why is photosynthesis essential for the survival of the Euglena?
bow
