Business Planning Assignment Example | Topics and Well Written Essays - 4000 words

Business Planning - Assignment Example Business Plan is consist of three portion planning. They are marketing plan, Operation plan, and financial plan. Considering the mentioned areas planning has developed the Business Plan for Charm Company. The hard and soft system factors need to be addressed by the manager carefully to make a successful business plan. Carefully evaluation is very important companies. Fully costed business plans are prepared and defended in some specific ways. "Best practice" is sometimes controversial. So company authority needs to carefully think and take best practice. And it is needed to implement precisely. A business plan is a formal arrangement of a set of business goals, the causes why they are believed attainable, and the plan for achieving the desired goals. A business plan also contains background information of the organisation or team who are attempting to reach those goals. Profit-oriented Business Plans usually focus on financial goals whereas non-profit and government agency Business Plans tend to focus on service goals. A business plan that has changes in view and branding as its primary goals is known as a marketing plan. Business plans may have focus on both internally or externally. Externally focused plans are important for external and financial stakeholders, sometimes investors, customers, and donors. Internally focused Business Plans consider intermediate goals needed to reach the external one. Internally focused plans include the development of a new product, a new service, a new IT system, a redistribution of finance, the refurbishing of a factory or a redesigning of the organisation. Here we will see how a business plan not only considering either internal or external, but focusing the both have been developed. And for this, we have chosen Italian Charm Company. Overview of Italian Charm Company: Charm Company is an Italian Company, which is located in Branson, Missouri at "The Marketplace" Shopping Centre. Their normal business hours are Monday to Saturday 10am - 6pm. They emphasize on the importance of customer service. Their knowledgeable staff members are not only friendly, but also charm enthusiasts tic. If the customers feel a charm is lacking in quality or design, Charm Company doesn't sell that showing respect to the customers. Their only goal is to bring their consumers with the finest quality charms, beads, and watches at reasonable prices. They accept VISA, MasterCard, and money order etc. All of their charms, watches and beads are handcrafted (fully made by hand, not by machine) in Italy from materials including 18-karat gold, real silver, cubic zircons, semi-precious stones, premium enamel, and stainless steel. Role,