Why small businesses fail to develop business plans


Assignment:

Question

Which of the following is least likely to be a reason why small businesses fail to develop business plans:

(a) Small businesses lack understanding of the process or benefits of business planning

(b) Small businesses believe that strategic planning is for larger organisations only

(c) Small businesses believe that planning can be done on the back of an envelope

(d) Small businesses simply don't need to plan

(e) Small businesses are too busy doing, rather than thinking of gathering information

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Strategic Management: Why small businesses fail to develop business plans
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