A Good Business Plan Leads to a Successful Company When

question 91

Multiple Choice

A good business plan leads to a successful company when the entrepreneur and management team:

• A)identify all unexpected events.
• B)make decisions realising that change may hurt the new company.
• C)understand the plan is static.
• D)effectively execute the plan.

---

Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Assumptions

A considered belief or supposition made before having full knowledge, used as a basis for decision-making in various contexts.

Inhibits

Describes the action of hindering, limiting, or preventing something from progressing or occurring.

Business Cards

Small cards printed with one's name, professional occupation, company position, business address, and other contact information, exchanged for networking purposes.