Strategy is management's game plan for strengthening the performance of the enterprise. It states how business should be conducted to achieve the desired goals. Without a strategy management has no roadmap to guide them.
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A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. Originally a legal word referring to anything that affords grounds for a lawsuit. In business speak, it's anything on which action can be taken. Address [v.] Used as a replacement for 'do', 'tackle', or 'complete', this word nicely avoids making a commitment to which the speaker can be held accountable. Business continuity planning is the creation of a strategy to ensure that personnel and assets are protected and able to function in the event of a disaster.
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It shows a buyer that the company is "process driven" rather than "founder driven." When a company has well-documented SOPs, it should include them as part of its sales pitch to try and generate a valuation premium.
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It may also contain background information about the organization or team attempting to reach those goals.
In this case, you can ask if a “one-page pitch” (also known as a one-page business plan) will suffice, or if they’d like a traditional business plan with a detailed financial section (this is .