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10 Cards in this Set
- Front
- Back
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Business plan |
A model of what management expects a business to become in the future |
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Financial plan |
A projection of its financial statements into the future |
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Planning process |
Helps to pull the management team together |
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Road map |
A guide that guides a business towards the goals stated in the pan |
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Investors |
The business plan is a vehicle for communicating with potential investors |
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Annual operation Planning |
Projects the business in detail over a year and is the most important planning exercise (helps make ideas into concrete) |
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Strategic Plan |
Address broad, long-term issues, and contains only summarized |
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Budgets |
Short-term updates of the annual plan when business conditions change rapidly |
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Forecasts |
Very short-term projections of profit and cash flow |
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Planning assumptions |
Forecasting change in ongoing businesses |
