Business, Management and Accounting
8 years ago

Unlocking Success: The Power of Business Planning for Small Firms

Journal of Small Business and Enterprise Development
IN DEFENCE OF BUSINESS PLANNING: WHY AND HOW IT STILL WORKS FOR SMALL FIRMS AND ‘CORPORATIONS OF SMALL BUSINESS UNITS’
Bill Richardson

Paper Summary

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Business planning is important for small businesses and units within larger corporations. It helps leaders develop strategies for growth and success. The key is to use business planning in the right situations and avoid common mistakes. By doing this, business planning can still be a valuable tool for organizations.