Abstract or Introduction
Importance of Strategic Planning and Management in the Business Environment
The business that the author wants to start is a green eco-friendly organization that designs and builds water turbine induction systems for power creation and water desalination for the costal United States. However, starting a business is a challenge. Without proper procedures and guidelines, a new business owner cannot identify and maintain a game plan to success. Creating a rough outline or game plan by the issuing of a mission statement is part of the strategic management process. To coincide with a mission statement, a vision statement is created that describes what the organization wants to become. This paper will review how important these factors are as well as the four concepts of business: planning, leading, controlling, and organization are to the creating and implementation of a strategic business plan.
- Quote paper
- James Tallant (Author), 2009, The Importance of Strategic Planning in the Business Environment, Munich, GRIN Verlag, https://www.grin.com/document/167257
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