Identify the Three Basic Objectives of Preparing a Written Plan

question 49

Essay

Identify the three basic objectives of preparing a written plan prior to starting a new venture.

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Definitions:

Knowledge-based Economy

An economy driven by the use of knowledge and information as the key asset for growth and development.

Expert Power

Authority or influence derived from possessing knowledge or skills in a particular area.

Physical Resources

Tangible assets such as buildings, machinery, and raw materials that an organization uses to conduct its business.

Visibility

The degree to which an entity's presence, actions, or status is known and perceivable by others.