The Business Plan Template should be complete with information regarding introduction and executive summary, company profile and management, products/services, and more. Top Management is responsible for overseeing development and implementation of the RC1000-1 BUSINESS PLAN. The Strategy Team is responsible for developing the Business Plan, and the Board of Directors is responsible for reviewing and approving it.
It is important for all individuals involved with developing the company’s Business Plan – the Strategy Team – to remember that the plan is intended to be a working, action-oriented management tool. A well-written Business Plan is acted on by employees who understand how their daily tasks and responsibilities relate to the overall company strategy.
The business plan should be developed to allow measurement of accomplishment of specific objectives within clearly defined, achievable time frames. It should be a practical, flexible, and timely document for determining and communicating the company’s direction to all employees. NOTE: Charts, graphs, photos, etc., should be used frequently in the Business Plan.