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Related Experiment Videos

How to make a business plan

P F Kennedy1

  • 1York Health Services NHS Trust.

British Journal of Hospital Medicine
|February 2, 1993
PubMed
Summary
This summary is machine-generated.

Business plan development prioritizes stakeholder consultation over mere writing. Engaging with interested parties before drafting prevents common planning pitfalls for uninformed individuals.

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Area of Science:

  • Business Strategy
  • Organizational Planning

Background:

  • The process of business plan formulation is often narrowly focused on the document itself.
  • Effective strategic planning requires broader engagement beyond the writing phase.

Purpose of the Study:

  • To highlight the critical importance of stakeholder consultation in business planning.
  • To identify potential challenges and pitfalls in business plan development for inexperienced individuals.

Main Methods:

  • Qualitative analysis of business planning processes.
  • Review of common errors in strategic document creation.

Main Results:

  • Stakeholder dialogue is more crucial than the act of writing the business plan.
  • Lack of pre-writing consultation leads to significant planning deficiencies.

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Conclusions:

  • Prioritize consultation and dialogue with all relevant parties before commencing business plan writing.
  • Awareness of potential pitfalls is key to successful business planning for the uninformed.