Question: Prepare a 700 or more word paper selecting a small business that you may want to start.
1) Define strategic planning and management.
2) Explain why a strategic plan would be important to the success of this business. Be specific and avoid vague, obvious, and preaching type sentences such as "Strategic planning is important to all businesses " or " Why does a business fail? " or " If you fail to plan, you are planning to fail " etc. Take a Cause -> Effect approach.
3) Explain the nine critical tasks and the four functions of management relative to creating and implementing a strategic plan.