Explain What a Business Plan Is and When One Is

question 9

Essay

Explain what a business plan is and when one is necessary.Then list five components that should be included in a business plan,describing the type of information that would be included in each.

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Definitions:

Transactional Leadership

A style of leadership that focuses on the exchanges between leaders and followers to achieve organizational goals.

Authentic Leadership

A leadership style characterized by genuine self-expression that is consistent with inner thoughts and feelings, encouraging transparency and integrity.

Transformational Leadership

A leadership style where leaders work with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of the group.

Transformational Leadership

A style of leadership characterized by inspiring and motivating followers to exceed their own interests for the good of the group or organization.