Asked by Alyssa Kummerl on Feb 18, 2024
Verified
If your plan is not described in a formal document,chances are you do not really have a plan.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Benefits of having a formal plan in place
- Importance of formal documentation in planning
- Understanding the purpose and structure of a formal plan
Verified Answer
AB
Aleticia Barboza
Feb 18, 2024
Final Answer :
False
Explanation :
A plan can exist in various forms, including informal or verbal agreements, and does not necessarily need to be documented formally to be considered a real plan.
Learning Objectives
- Benefits of having a formal plan in place
- Importance of formal documentation in planning
- Understanding the purpose and structure of a formal plan