Business Planning, Financial Analysis, and HR Development

Posted by on Jan 27, 2025 in Social Work | 0 comments

Business Planning Steps

The development of plans involves five key steps:

  1. Establish mission and objectives: The ultimate purpose of the business is usually set out in a mission statement. This is a broad statement of intent, which attempts to capture the essence of the business. The strategic objectives set out how the mission of the business can be achieved and will usually include quantifiable goals.
  2. Undertake a position analysis: This involves an assessment of where the business is currently placed
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