Business Planning Flashcards
(5 cards)
1
Q
What is the QS business plan in you firm?
A
- Retain key clients
- Focus on employment
2
Q
What is a SWOT analysis
A
A SWOT analysis is a planning tool which seeks to identify the Strengths, Weaknesses, Opportunities and Threats involved in a project or organisation.
3
Q
What is a PEST analysis
A
A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Legal and Environmental) that influence an organisation.
4
Q
What is a business plan?
A
A business plan provided an insight of a business’s aims and objectives in order to achieve it’s goals.
5
Q
How can a Business Plan help a company remain profitable?
A
- Assist with securing new funding and investment.
- To grow existing client base and projects.
- Highlight key business objectives.
- Assist with responding to change.
- Grow market share.
- Supports accurate forecasting and budgeting.
- Allows for resource planning.
