you have now prepared brief but important parts of a strategic plan created budgetin 3494677

February 11, 2021/in Business Homework Help Online /by Joseph

You have now prepared brief but important parts of a strategic plan, created budgeting instructions and budgets and Pro Forma Statements, and have had a chance to model a company’s financial results under two different real-world scenarios. In a reflective paper, please answer the following questions:

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1. What was the most difficult or challenging part of strategic planning?

2. Which parts of your strategic plan would you modify for success in the future and why?

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Mission statement and business concept
Marketing plan
Operations plan
Financial plan
Key assumptions made for this plans’ success

3. If a friend approached you for advice on starting a business, what advice would give them about strategic planning?

4. What are your takeaways from this entire process?

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