1- The Strategic Planning Process VS Strategic Thinking

2- Business Plan “variations” for the business world…we discussed a 9 part document:

Executive Summary

Business Description

Environmental Analysis (see next slide for details)

Resource Analysis (with a focus on the entrepreneur)

Functional Plans

Financial Projections

Implementation Schedule

End-game Strategy

Risk Analysis

though there are many many different thoughts and perspectives on Business Plans. Are there more correct ones? Are there ones that promote ideas that we did not discuss? Are most just like the 9 parter that we discussed? Are the definitions for each section similar? Etc., etc., etc.

3- SWOT Best used when? How? Who creates? How to keep objective? Which category should get the most emphasis, and why? How should management use once produced? How often should it be updated?