Critical Evaluation Questions for Business Plans PPT

This PPT slide, part of the 34-slide Business Plan Fundamentals PowerPoint presentation, outlines essential questions that internal managers should consider when evaluating a business plan. It emphasizes the alignment of the proposed business with the firm's overarching strategy. This alignment is crucial for ensuring that resources are effectively utilized and that the business contributes to the company’s goals.

The slide prompts managers to scrutinize the clarity of critical assumptions regarding the market. This includes understanding competition, costs, and pricing strategies, as well as investment and regulatory requirements. By addressing these factors, managers can better assess the feasibility of the plan.

Another key focus is on risk assessment. The slide encourages managers to identify both potential downsides and upsides associated with the business. Understanding these risks helps in making informed decisions about whether to proceed with the plan.

Duration is also a significant aspect. Managers are urged to determine how long the business is expected to operate, which aids in planning resources and timelines effectively. The importance of defining milestones is highlighted, as these checkpoints allow for ongoing evaluation of the business's viability and progress.

The slide also stresses the need for clear definitions of success and failure. This clarity is vital for establishing performance metrics and accountability. Furthermore, it addresses the necessity of an exit strategy, ensuring that there’s a plan in place if the business does not succeed.

Lastly, the proposal must outline the resources required for implementation, including personnel, knowledge, and funding. This comprehensive approach ensures that all aspects of the business plan are thoroughly evaluated, leading to more informed decision-making.

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Business Plan Development IT Strategy