Asked by Robby Dhaliwal on Feb 18, 2024
Verified
All business planning starts with a ______.
A) need
B) team
C) written document
D) vision
Need
A lack of something desirable, useful, or required that is uncovered through the design process.
- Understanding the importance of starting business planning with a specific element.
- Recognizing the different components involved in business planning.
- Understanding the role of a need in business planning.
Verified Answer
WH
Wei Heng ChoongFeb 18, 2024
Final Answer :
D
Explanation :
A business plan starts with a vision, which is the desired future state of the business. This vision provides a framework for setting objectives and developing strategies to achieve those objectives. Once the vision is established, the planning process can move forward to include a written document, team, and identification of needs.
Learning Objectives
- Understanding the importance of starting business planning with a specific element.
- Recognizing the different components involved in business planning.
- Understanding the role of a need in business planning.
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