The Importance of Strategic Planning in the Business Environment


Essay, 2009

5 Pages, Grade: 100.00


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.

Details

Title
The Importance of Strategic Planning in the Business Environment
College
University of Phoenix
Course
BUS 475 Integrated Business Topics
Grade
100.00
Author
Year
2009
Pages
5
Catalog Number
V167257
ISBN (eBook)
9783640836673
ISBN (Book)
9783640836734
File size
407 KB
Language
English
Keywords
importance, strategic, planning, business, environment
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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