Understanding the Purpose of a Business Plan (Grade 11 NSC Matric Business Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Business plan
Business plan
Formal doc w/ specific goals & timeframe; roadmap for business
Action plan
Action plan
Detailed plan outlining actions to reach business goals
Business plan vs action plan key difference
Business plan vs action plan key difference
Plan sets goals; action plan = specific executable steps
Why action plans break down goals
Why action plans break down goals
Takes large goals & breaks into small, manageable steps
Action plan creation: Step 1
Action plan creation: Step 1
Strategic planning - know where you want to go
Action plan creation: Step 2
Action plan creation: Step 2
Create measurable goals you can track
Action plan creation: Step 5
Action plan creation: Step 5
Set deadlines for every activity
Planning question: Who is responsible?
Planning question: Who is responsible?
Assign clear responsibility for each task
Project (in business)
Project (in business)
Series of tasks to reach a specific outcome
Gantt chart purpose
Gantt chart purpose
Visual timeline plotting activity schedule