Business planning__Drafting a bus. organisation's business plan.

[CALVINDOL]

In all ramification it is absolutely necessary and important for a particular business organisation especially a large-scale business organisation to have a business plan. The business plan of a particular business organisation can be describe or define as a document that points out principles as well as strategies in which a particular business should be managed, both in times where the business is facing positive features and where the business is also facing negative features like competitors and rivals. Drafting a business plan is a crucial step in starting or expanding a business. It is a document that outlines the goals, strategies, and operations of the business, and provides a roadmap for its success. The question of who should draft the business plan of a particular business depends on the specific circumstances of the business and the resources available.

In some cases, the business owner may draft the business plan themselves. This can be particularly true for small, home-based businesses or solo entrepreneurs who have a clear vision for their business and the skills necessary to create a comprehensive plan. In these cases, the business owner may be the most knowledgeable about their business and the market in which they operate, and may have the most vested interest in its success.

However, in many cases, it may be advisable for a business owner to seek outside assistance in drafting a business plan. This can include working with a business consultant, accountant, or other professional who has experience in business planning and can provide valuable insights and expertise. In addition, many local government agencies and business development organizations offer free or low-cost resources to help businesses draft a solid business plan.

Ultimately, the key factor in determining who should draft a business plan is the level of expertise and knowledge required. A comprehensive business plan should include market research, financial projections, operational details, and marketing strategies, among other elements. It may also require a thorough understanding of legal and regulatory requirements. For businesses that lack the expertise or resources necessary to draft a thorough and effective plan, seeking outside assistance can be crucial.

Conclusively, the drafting of a business plan is an essential step in starting or expanding a business, and who should be responsible for creating it depends on the specific circumstances of the business. While some business owners may have the skills and expertise necessary to create a comprehensive plan on their own, others may benefit from seeking outside assistance to ensure that their plan is thorough, effective, and sets the business up for success.

 

[Axis]

When we are talking about the planning process of the particular business organisation we have to look at the business plan of a particular business organisation and also accepting why it is important for a business organisation to have a business plan and who exactly is endowed with the duty or responsibility of drafting the business plan of a particular business organisation.

Indeed there are so many officials who are endowed with the duty and responsibility of drafting the business plan of a particular business organisation for example the business owner of the business manager can draught the business plan of a particular business organisation but in a case where he or she does not have full knowledge of what a business plan should look like or how to effectively write a good and available business plan he or she can devote the duty of drafting the business plan to a more expertise and intelligent individual who could be a government official or a government business counsellor.