The Value of a Business Plan

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The Value of a Business Plan to an Organization

Roselyn Hargrove

Dr J. A. Anderson, Sr.

The Business Enterprise – BUS508

June 13, 2010

Discuss the value of a business plan to an organization.

The value of a business plan would be to have a formal statement of the business goals. It would have to explain the reasons why that they are achievable and the way the company will work to reach those set goals. I can also include founding information about the organization, the organizations motto and who is assisting the organization to reach their set goals.

Business plans can also be distinct for non-profit or profit organizations. For non-profit organizations, business plans would focus more on the organizational mission of the plan. That is the basis the non-profit tax-exempts, the government status and the optimizing revenue it would bring in. For profit business plan, they normally focus on the financial part of the organization, such as profit and or the creation of the prosperity.

Discuss how the economic concepts of supply and demand can have an impact on organizational performance in the short and long run.

Supply and demand is the main key to keeping an organizational structure strong. An organization can have a low supply and a high demand, in short term, and the organization will be in a period of prosperity. However, in long term, the supply can increase and the demand can decrease and the organization will come into a period of recession. This is also known as The Law of Diminishing Return.

Discuss Business Ethics and its’ important to the business’s success.

Two words can sum up why Business Ethics is important to any organization, Public Image. The relationship between the two is very clear. Every corporation has a certain image to uphold, which represents the way consumers and other business...