Planning (Leaving Cert Business): Flashcards

Setting objectives & strategies to achieve business goals

Specific, Measurable, Achievable, Realistic, Timed

Five stages

Strengths, Weaknesses, Opportunities, Threats

Maximise strengths & opportunities, minimise weaknesses & threats

Internal positive factors

External factors to take advantage of

Outlines business purpose, vision, values & culture

1-5 years, long-term strategies

Backup plans for emergencies/unforeseen events