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Business Planning and Control - Essay Example

Summary

The "Business Planning and Control" paper focuses on A business plan which is similar to a blueprint of what a new business or an already existing business plan to do and attain shortly. A business plan is a tool that represents the strategic plan of a business…

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Subject: Finance & Accounting
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 3
Author: cummerataeldora

Extract of sample "Business Planning and Control"

These strategic options range from diversification to expansion (Bowhill, 2008). The business plan contains financial details of the operations of the company that the company will need in present as well as in the future. These financial details comprise ratio analysis and different strengths and weaknesses of the company in monetary terms (Parrino, 2012). Business plans are used by organizations to attract investors and even to obtain funds based on loans to pursue their strategic options.

Investors use this business plan to determine whether to invest money in the business and the lenders such as bank use these business plans to determine how successful the business will be in the future and whether the business will be able to pay off its loans in the future or not (DeThomas, 2008). Similarly, the investors make use of the business plan to identify whether they will gain profits from investing in the plan or whether the plan will fail and cause losses.

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