Business Planning

Select all that is true of business planning.

• focuses on a specific program or business within an organization

• can also be used for start up companies

• pharmacy --> clinical services

Tags

NGSS.HS-ETS1-3

To provide data and proposed actions necessary to answer a business question.

• purpose for business planning

• not this

Tags

NGSS.HS-ETS1-3

What is the final product of business planning?

• a written business plan

• not this

Select all that is true of a written business plan.

• must be written with specific audience in mind

• plans that do not consider the audience are less likely to be implemented

What is a common mistake of business plans?

• making plans too technical or detailed

• difficult plans fail to keep attention of important stakeholders

What is the 1st step in creating a new business idea?

• preliminary evaluation

• AKA exploring the business concept

What is the purpose of a preliminary evaluation?

• to determine if the idea merits the development of a complete business plan

• not this

Tags

NGSS.HS-ETS1-3

What are considerations for exploring the business concept?

• size and receptivity of potential customers for proposed service

• revenue generated from proposed service

• ability of proposed service/program to address specific goals within strategic plan of organization

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-3

Select all that is true of considering size and receptivity of potential customers for proposed service?

• clearly describes the need for proposed service & number of potential customers in market

• use demographic data

• use public health data for disease trends and stats

Tags

NGSS.HS-ETS1-3

Select all that is true when considering revenue generated from proposed service.

• may generate revenue or reduce costs

• not this

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-3