Business Planning (LC 2027) (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Planning (business)
Planning (business)
Deciding goals & best way to achieve them
Business plan
Business plan
Document outlining objectives & how to achieve them
Forecasting
Forecasting
Predicting future events & trends
Business plan function: secures...
Business plan function: secures...
Finance from banks/investors
Mission statement
Mission statement
Sets out vision, values & core purpose of company
Strategic plan timeframe
Strategic plan timeframe
3-5 years (long-term)
Tactical plan timeframe
Tactical plan timeframe
1-2 years (shorter-term)
Operational plan focus
Operational plan focus
Day-to-day running of business
Contingency plan
Contingency plan
Backup plan for unexpected problems/emergencies
Business model
Business model
How company creates, delivers & captures value