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what is a business plan scholarly articlesHow to write a great business plan. Every seasoned investor knows that detailed financial projections for a new company are an act of imagination. Nevertheless, most business plans pour far too much ink on the numbers–and far too little on the information that really matters. Why? William Sahlman suggests that a great business plan is one that focuses on a series of questions. These questions relate to the four factors critical to the success of every new venture: the people, the opportunity, the context, and the possibilities for both risk and reward. The questions about people revolve around three issues: What do they know? Whom do they know? and How well are they known? As for opportunity, the plan should focus on two questions: Is the market for the venture’s product or service large or rapidly growing (or preferably both)? and Is the industry structurally attractive? Then, in addition to demonstrating an understanding of the context in which their venture will operate, entrepreneurs should make clear how they will respond when that context inevitably changes. Finally, the plan should look unflinchingly at the risks the new venture faces, giving would-be backers a realistic idea of what magnitude of reward they can expect and when they can expect it. A great business plan is not easy to compose, Sahlman acknowledges, largely because most entrepreneurs are wild-eyed optimists. But one that asks the right questions is a powerful tool. A better deal, not to mention a better shot at success, awaits entrepreneurs who use it. Which information belongs—and which doesn’t—may surprise you. Few areas of business attract as much attention as new ventures, and few aspects of new-venture creation attract as much attention as the business plan. Countless books and articles in the popular press dissect the topic. A growing number of annual business-plan contests are springing up across the United States and, increasingly, in other countries. Both graduate and undergraduate schools devote entire courses to the subject. Indeed, judging by all the hoopla surrounding business plans, you would think that the only things standing between a would-be entrepreneur and spectacular success are glossy five-color charts, a bundle of meticulous-looking spreadsheets, and a decade of month-by-month financial projections. - William A. Sahlman is the Dimitri V. D’Arbeloff-MBA Class of 1955 Professor of Business Administration at the Harvard Business School.
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Writing a successful business plan: an overviewAffiliation. - 1 Drug Delivery Systems DIvision, #M, Northridge, CA 91324, USA. [email protected]
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In creating and building a business, the entrepreneur assumes all the responsibilities for development and management, as well as the risks and rewards. Many businesses do not survive because business owners fail to develop an effective plan. The business plan focuses on major areas of concern and their contribution to the success of a new business. The finished plan communicates the product or service to others and provides the basis for the financial proposal. Copyright 2013, SLACK Incorporated. PubMed Disclaimer Similar articles- Writing a successful business plan. Haag AB. Haag AB. AAOHN J. 1997 Jan;45(1):25-32; quiz 33-4. AAOHN J. 1997. PMID: 9043231 Review.
- Starting a business as a nurse consultant: practical considerations. Papp EM. Papp EM. AAOHN J. 2000 Mar;48(3):136-42; quiz 143-4. AAOHN J. 2000. PMID: 10846971 Review.
- The entrepreneur and the business plan. Shirey MR. Shirey MR. Clin Nurse Spec. 2007 May-Jun;21(3):142-4. doi: 10.1097/01.NUR.0000270017.82210.1b. Clin Nurse Spec. 2007. PMID: 17495548 Review. No abstract available.
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Related informationLinkout - more resources, full text sources, other literature sources. NCBI Literature Resources MeSH PMC Bookshelf Disclaimer The PubMed wordmark and PubMed logo are registered trademarks of the U.S. Department of Health and Human Services (HHS). Unauthorized use of these marks is strictly prohibited. The Value of Business Plans for New Ventures: Company and Entrepreneur Outcomes- Richard C. Becherer University of Tennessee at Chatanooga
- Marilyn M. Helms Dalton State College
Allred, Anthony T. and Addams, H. Lon (2006). After Receiving Financing, Do Inc. 500 Companies Continue To Utilize Their Business Plan? Journal of Small Business Strategy. 17(1), 17-26. Armstrong, J.S. and Overton, T.S. (1977). Estimating Nonresponse Bias in Mail Surveys. Journal of Marketing Research, 16(August), 396-492. Bartlett, Sarah (2002). "Seat of their Pants," Inc. Magazine, October. Accessed May 14, 2009 at http://www.inc.com/magazine/20021015 /24772.html. Bowers, Brent (2009) "In the Hunt: Investors Pay Business Plans Little Heed, Study Finds," New York Times, May 14, Small Business, p. 1 Delmar, Frederic and Shane, Scott (2003) "Does Business Planning Facilitate the Development of New Ventures?" Strategic Management Journal, 24, 1165-1185. Fiet, James O. and Patel, Pankaj C. (2006). Evaluating the Wealth-Creating Potential of Business Plans. The Journal of Private Equity. 10(1), 18-32. Fletcher, Margaret and Harris, Simon. (2002). Sever Aspects of Strategy Formation," International Small Business Journal, 20(3), 297-314. Goldfarb, Kirsch, and Gera (2009) "Form or Substance? The Role of Business Plans in Venture Capital Decision Making," Strategic Management Journal, May. Hand, H. W.; Sineath, P. and Howle, W. E. (1987) "Small Business Concepts and their Relationship to Performance: A Field Study of Retail Service Stations," Journal of Small Business Management, 25(2), 55-63. Hannon, P. D. and Atherton, A. (1998) "Small Firm Success and the Art of Orienteering: The Value of Plans, Planning, and Strategic Awareness in the Competitive Small firm," Journal of Small Business and Enterprise, 5(2), 102-119. Heriot, Kirk C.; Campbell, Noel D.; and Finney, R. Zachary (2004). "Omitted Variable Biases in the Link Between Planning and Performance," New England Journal of Entrepreneurship, 7(2), 27-31. Hormozi, Amir M.; Sutton, Gail S.; McMinn, Robert D.; and Lucio, Wendy (2002). "Business Plans for New or Small Businesses: Paving the Path to Success," Management Decision, 40(7/8), 755-763. Karlsson, Tomas and Honig, Benson. (2009). Judging A Business By Its Cover: An Institutional Perspective On New Ventures And The Business Plan. Journal Of Business Venturing. 24(1), 27-47. Koh, Inkon; Kim, Dae Ho; and Lee, Sang Suk. (2008). A Study On The Relationship Between Business Plan Components And Corporate Performance. International Journal Of Entrepreneurship And Innovation Management. 8(4), 359-379. Liao, Jianwen (Jon), and Gartner, William B. (2008). The Influence of Pre- Venture Planning on New Venture Creation. Journal Of Small Business Strategy. Fall/Winter, 18(2), 1-21. Parks, Bill; Olson, Philip D. and Bokor, Donald W. (1991). "Don't Mistake Business Plans for Planning (It May Be Dangerous to Your Financial Health)," Journal of Small Business Strategy, 1(2), 15-24. Perry, Stephan C. (2001). The Relationship between Written Business Plans and the Failure of Small Businesses in the U.S., Journal of Small Business Management, 39(3), 201-208. Peters, T.J., and Waterman, R.H. (1982). In Search of Excellence: Lessons From America's Best Run Companies, New York, NY: Harper and Row. Sharma, S., Netemeyer, R. G., and Mahajan, V. (1990). In Search of Excellence Revisited: an Empirical Evaluation of Peters and Waterman's Attributes of Excellence. In W. O. B. a. A. Parasuraman (Ed.), Enhancing Knowledge Development in Marketing (Vol. 1, pp. 322-328). Rue, L. W. and Ibrahim, N. A. (1998) The Relationship Between Planning Sophistication and Performance in Small Businesses, Journal of Small Business Management, 36(4), 24-33. Sahlman, W. A. (1997) "How to Write a Great Business Plan." Harvard Business Review 75(4), 99-110. Shane, S. and Delmar, F. (2004) "Planning for the Market: Business Planning Before Marketing and the Continuation of Organizing Efforts," Journal of Business Venturing, 19, 767- 785. Singhvi, S. S. (2000). Business Planning Practices In Small Size Companies: Survey Results. The Journal Of Business Forecasting Methods & Systems. 19(2), 3- 8. Struebing, L. (1997). Recipe For Success: Prepare A Business Plan. Quality Progress. 30(8), 20. Upton, N.; Teal, E. J.; and Felan, J. T. (2001). Strategic And Business Planning Practices Of Fast Growth Family Firms. Journal of Small Business Management, 29(1), 60-72. How to Cite- Endnote/Zotero/Mendeley (RIS)
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Developed BySubmissions. JSBS is now accepting submissions through our new site. Please click the following button to be directed to the new submission site. Digital Scholarship Initaitives , Walker Library , Middle Tennessee State University Strategic Planning and Business Plan Preparation206 Pages Posted: 8 Aug 2023 Alan S. GuttermanProfessional Website Date Written: July 30, 2023 This book covers the key steps in designing, implementing and administering a formal strategic planning process and provides practical guidance on the elements of a business plan and the steps that should be taken to create a business plan that can be used for execution of strategy and presentations to investors and other external stakeholders. This book also explores a variety of topics of interest to researchers and managers focusing on comparative aspects of strategic planning activities and techniques including measurement of strategic planning effectiveness, strategic planning and culture. This book also includes material on strategic planning in specific national contexts such as strategic planning in developed European countries and in developing countries. Keywords: strategic planning, business plans, strategy Suggested Citation: Suggested Citation Alan Gutterman (Contact Author)Professional website ( email ). HOME PAGE: http://www.alangutterman.com Do you have a job opening that you would like to promote on SSRN?Paper statistics, related ejournals, entrepreneurship & management ejournal. Subscribe to this fee journal for more curated articles on this topic Entrepreneurship & Finance eJournalSocial entrepreneurship ejournal, sustainability at work ejournal, management of innovation ejournal, strategy & organizational behavior ejournal, public sector strategy & organizational behavior ejournal. Business Information Guide- Articles and News
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IntroductionI. the company, concept, and product(s) or service(s), ii. the industry analysis, iii. market research & analysis, iv. economics of the business, v. the marketing plan, vi. design & development plan, vii. operations plan, viii. management team, ix. overall schedule, x. critical risks, problems and assumptions, xi. financial plan, xii. proposed company offering. - Organizational Behavior
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The recommendations and resources on this page complement the Whitman School of Management's Nuts and Bolts of Great Business Plans , which was written by Department of Entrepreneurship and Emerging Enterprises . The sections on this page correspond to the Nuts and Bolts of Great Business Plan sections. Nearly every part of your business plan will require some type of research. Since gathering and analyzing the amount of information and data this assignment requires can be time consuming, be sure to plan your time accordingly. These recommendations and resources are just starting points. Be prepared to gather information and data from many different sources as you research and put together your business plan. The following video tutorials were developed to provide a refresher on general research and business research strategies. The four business research video tutorials, in particular, were developed by Business, Management and Entrepreneurship Librarian Stephanie JH McReynolds to support EEE 457 students in the development of Capstone business plans. - Video Tutorials for General and Business Research General Research Video Tutorials Include: "Research Starting Points," "Using Libraries Search," "Finding Journal Articles." Business Research Video Tutorials Include: "Industry Research Part 1: Identifying Industry Codes," "Industry Research Part 2: Discovering Industry Research Reports and Data," "Company Research," "Market Research Resources."
First outline the nature of the entity you plan to create and where you are in that process, then capture the essence of your business concept and explain that concept, then detail the products and services you anticipate selling, and then talk about your entry approach and your vision for growth over the next five years. As you draft your idea, use the resources on the Article and News page of the Business Information Guide to explore trends and relevant company, industry, and product news and analysis. Refer to the resources on the Company Research page of the Business Information Guide to become familiar with other companies offering similar products or services. The "industry" refers to the larger landscape, as in the "computer hardware wholesale trade industry" or the "card and gift industry" or the "architectural services industry." The focus here is on what is happening in the industry and on the relative attractiveness of the industry as a whole. Refer to the Industry Research page of the Business Information Guide for recommendations and guidance. This section should convince the reader or investor that you truly know your customers. It should convince the reader that your product or service a) solves a customer need that customers want solved; b) will have a substantial market in a growing industry; and c) can achieve sales in the face of competition. For example, the predicted sales levels directly influence such factors as the size of the manufacturing operation, the marketing plan, and the amount of debt and equity capital you will require. Yet most entrepreneurs seem to have great difficulty preparing and presenting market research and analyses that show that their ventures' sales estimates are sound and attainable. Consult industry publications, articles in trade magazines and trade associations to understand how the industry defines, identifies and segments its customers. Then apply yourself creatively by integrating the information in a unique way. Explore resources on the Business Information Guide for Market Research , Data & Demographics , and Articles and News . The economics of the business is the section addressing the basic logic of how profits are earned in your business as well as the sales level required to breakeven. Two companies in the same industry might make profit in very different ways. Will this be a high margin, low volume business with low fixed costs? Will it be a low margin, high volume business where the cost structure is predominantly variable? The story begins by identifying your sources of revenue and how much margin you make on each of them. Explore Company Research resources on the Business Information Guide to find revenue and expenses of similar companies. Find industry ratios (such as profit/loss ratio by sales class) in Industry Research resources, such as Bizminer. The Marketing Plan describes how your projected sales will actually be attained. How will you make sales actually happen? A great idea is meaningless if you cannot find customers. Thus, this section builds on the Market Section, where you defined your market and outlined your targeted segments and their buyer behavior. The marketing plan needs to provide detail on the overall marketing strategy that will exploit the opportunity and your competitive advantages. Include a discussion of sales and service policies, pricing, distribution, promotion and advertising strategies, and sales projections. The marketing plan needs to describe what is to be done, how it will be done, when it will be done, and who will do it. Articles and News Search Tips: Pay close attention to the words and terms in this section from The Nuts and Bolts of Great Business Plans. These words can be useful search terms. For example, sales and service policies, pricing, distribution, promotion, advertising strategies, and sales projections. As you review your search results, pay particular attention to the words and phrases in the keywords and subject terms of the article records, as these can yield additional search terms. A basic search for marketing and strategy and (your product or concept term) can also yield relevant results. The databases will also suggest additional terms to use in your search, such as market research AND strategy, advertising agencies, advertising campaigns, marketing management, market research, marketing agreements for you to explore. This is a very important section for those teams developing a non-existent product, doing research and development, having technical obstacles to overcome, or seeking patent or copyright protection. However, if you are in a business where research and development is not a major issue (e.g., retailing, many consumer services), then you can leave this section out and just address and technologies you plan to employ in the OPERATIONS section. The nature and extent of any design and development work, and the time and money required before the product or service is marketable, need to be considered in detail. (Note that design and development costs are often underestimated.) Design and development might be the engineering work necessary to convert a laboratory prototype to a finished product; the design of special tooling; the work of an industrial designer to make a product more attractive and saleable; or the identification and organization of employees, equipment, and special techniques, such as the equipment, new computer software, and skills required for computerized credit checking, to implement a service business. Refer to the Patents & Intellectual Property guide for resources and research tips. The operations section outlines how you will run your business and deliver value to your customers. Operations is defined as the processes that deliver your products/services to a customer or user and can include the production process for delivering your service to a given customer, manufacturing process if you are a manufacturer, transportation, logistics, travel, printing, consulting, and after-sales service. It also includes such factors as plant location, the type of facilities needed, space requirements, internal processes, capital equipment requirements, and labor force (both full- and part-time) requirements. Explore resources on the Business Information Guide for Market Research , Data & Demographics , and Articles and News . For the geographic subsection, the mapping features of some Company Research databases (such as Data Axle Reference Solutions) and the mapping feature, or geographic limiters, available in certain Market Research resources (such as SimplyAnalytics) may be especially useful. To help identify suppliers, explore Thomasnet.com . This section of the business plan includes a description of the functions that will need to be filled, a description of the key management personnel and their primary duties, an outline of the organizational structure for the venture, a description of the board of directors and key advisors, a description of the ownership position of any other investors, and so forth. You need to present indications of commitment, such as the willingness of team members to initially accept modest salaries, and of the existence of the proper balance of technical, managerial, and business skills and experience in doing what is proposed. Find articles on building your management team and board of directors with databases on the Articles and News page of the Business Information Guide. Explore the Career Research Guide for relevant information, such as salary research resources. A graphical schedule that shows the timing and interrelationship of the major events necessary to launch the venture and realize its objectives is an essential part of a business plan. The underlying cash conversion and operating cycle of the business will provide key inputs for the schedule. In addition to being a planning aid by showing deadlines critical to a venture's success, a well-presented schedule can be extremely valuable in convincing potential investors that the management team is able to plan for venture growth in a way that recognizes obstacles and minimizes investor risk. Since the time necessary to do things tends to be underestimated in most business plans, it is important to demonstrate that you have correctly estimated these amounts in determining the schedule. - Gantt Charts as Planning Tools Part of Project Management Tools tutorial from Boston University.
- How to Use a PERT Chart for Project Planning Project planning overview from the Motley Fool.
The development of a business has risks and problems, and the business plan invariably contains some implicit assumptions about these issues. You need to include a description of the risks and the consequences of adverse outcomes relating to your industry, your company and its personnel, your product's market appeal, and the timing and financing of your startup. Be sure to discuss assumptions concerning sales projections, customer orders, and so forth. If the venture has anything that could be considered a fatal flaw, discuss why you do not see it as a problem or how you intend to overcome it. The discovery of any unstated negative factors by potential investors can undermine the credibility of the venture and endanger its financing. Be aware that most investors will read the section describing the management team first and then this section. To inform this section, explore resources on the Business Information Guide for Market Research , Data & Demographics , Company Research , Industry Research ,and Articles and News . This section lays out a picture of the financial performance of the firm as it is started, stabilizes and grows. The financial plan is basic to the evaluation of an investment opportunity and needs to represent your best estimates of financial requirements. The purpose of the financial plan is to indicate the venture’s potential and to present a timetable for financial viability. It also can serve as an operating plan for financial management using financial benchmarks. In preparing the financial plan, look creatively at the venture and think about bootstrapping techniques, especially in the early days. Explore Company Research resources (such as PrivCo, which includes venture capital financial data, and Mergent Online, which includes 10-K reports) on the Business Information Guide to find revenue and expenses of similar companies. Find industry ratios (such as profit/loss ratio by sales class) in Industry Research resources, such as Bizminer. - Beginners' Guide to Financial Statements Guide to financial statements from the SEC.
- Business Startup Financing Startup financing guidance from BizFilings, part of Wolters Kluwer.
- Financial Statement Analysis: The Basics for Non-Accountants Guide to financial statement analysis from Harvard Business School.
- Preparing Financial Business Statements Guide to preparing financial statements from BizFilings, part of Wolters Kluwer.
The purpose of this section of the plan is to indicate the amount of any money that is being sought, the nature and amount of the securities offered to the investor, a brief description of the uses that will be made of the capital revised, and a summary of how the investor is expected to achieve its targeted rate of return. It is important to realize the terms for financing your company that you propose here are only the first step in the negotiation process with those interested in investing, and it is very possible that your financing will involve different kinds of securities than originally proposed. Discover relevant articles with the resources on the Article and News page of the Business Information Guide. - A Beginner’s Guide to Startup Valuation Overview of startup valuation
- Business Calculators Business Calculators recommended by the Motley Fool.
- How Much Is Your Slice of That Unicorn Really Worth? Stanford Business article on how to determine startup shares value. Includes link to free online calculator to help estimate the worth of startup shares.
- How to Value Private Companies Overview from Investopedia on how private companies are valued.
- “Valuing the Business” Chapter from eBook Creating Services and Products Overview of business valuation methods for entrepreneurs.
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Perspectives on Learning and Business Plans—More in Common Than Meets the EyeIn 2010, Palo Alto Software performed a survey of 2877 people and found that those who completed business plans were nearly twice as likely to successfully grow their businesses or obtain capital as those who did not write a plan. 1 Thus, a business plan increases individuals' likelihood of success. 2 , 3 Along the same vein, why would you embark on developing a skill or competency or better some aspect of your learning without developing a learning plan? The self-regulated learner would argue that you would not, and although a learning plan does not guarantee success, it can increase the likelihood of achieving your learning goals. 4 , –6 This article explores the components of structured learning plans, illustrating that they have more in common with business plans than first meets the eye. Whether you are in a mentor role, helping learners think through a plan, or a learner role, trying to change or redirect your own learning, a plan can provide an organized way of approaching the task. The motivations behind the development of a business plan are myriad but often revolve around issues of starting or redirecting a venture and addressing an issue of limited resources or expenditure of capital in the form of equipment, material costs, and development of a new technology or renovation. In all instances, the underlying theme is the management of change. Learning plans also focus on change. They frequently revolve around such areas as development of a new skill, mastery of a new subject, or addressing a targeted area for improvement. In other words, learning plans often focus on self-regulated learning, “renovating” oneself in a targeted learning area and trying to address the issue of one's personal limitations. The advantages to both types of plans lie in the formal analysis of one's current situation, determining pros and cons of initiating change, assessing requisite resources, creating action, and monitoring progress throughout implementation. The goal is to create a situation that affords one the best chance to succeed. Cohn and Schwartz 7 outline typical components of a business plan in their review on the subject for a physician leadership audience. The table compares the components of a learning plan to a business plan and provides an example of how the process might play out. Although the components are presented in a numerical order, many of these may be completed simultaneously and at times in different order. Typical Components of a Business Plan a Versus Learning Plan Component 1 (Reflection) 8 – 10The learning plan is a reflective exercise, not just an instrument. The learner must buy into the need for a plan and be willing to commit to and assume responsibility for the plan. This process requires reflection on the current situation and review of the evidence or feedback (both internally and externally generated) that supports the notion that a plan is needed. The learner should give thought to what the goal of such a plan might be. The clearer and more defined the goal, the better one's chance is at constructing a plan to specifically address. Defining the issue or problem also entails thinking about the current situation. What is going well and what is not going well or needs to be changed? Reflecting on why the change is needed is important for the learner. How will the change be beneficial (ie, what is the learner hoping to gain by making a change)? How will the change impact other aspects of one's learning or the learning of others? Mentoring is important in helping the learner develop a habit of self-reflection by providing ongoing support, guidance, accountability, and an opportunity to externally validate and assess the process of plan formation and execution. 11 Component 2 (Analysis of Resources and Barriers) 12The contextual analysis of a learning plan explores the environment within which the learner is functioning. What is the quality and type (eg, narrative, grades) of feedback? What is valued by that environment (eg, participation, grades) and what opportunities and resources (eg, technology, people, texts) reside within the environment? How do one's current actions impact future functioning in the environment? What are changes likely to accomplish in the environment? Such reflection may point out the need to seek alternate learning venues. Reflection on personal strengths and weaknesses and how these will impact the design and implementation of the plan is important. What are the pros and cons to addressing the issue that is the target of the learning plan? Is change feasible given the context or working environment? Component 3 (Strategic Thinking) 13Logistics planning asks the learner to consider self-efficacy. What factors will help the learner persist in carrying out the plan or what obstacles might impede one's motivation? How does the learner feel about his or her likelihood of being able to implement the proposed plan? What is the learner's actual commitment to change? Is the plan able to be reasonably accomplished within the time frame set and are the outcomes measurable? The more concrete and doable the plan is, the more likely the learner can bring all resources to bear and successfully implement it. A commitment to and prioritization of the plan is important in order to realize potential benefits. The learner also needs to think about what can be done if the initial plan of action is unsuccessful (contingency planning). The plan should not compromise currently successful learning strategies. What foreseeable factors will impact success or failure of the plan? How can one link the plan to prior and potential future learning? Component 4 (The “Actual” Plan)A concise summary of the learning plan represents a clear articulation of learning objectives and specific strategies for implementation and monitoring. In a formal educational setting, this may be the written product that represents the plan. Utilization of a template may be helpful for the novice in facilitating consideration of the important aspects of plan development and implementation. 14 Component 5 (Implementation and Monitoring) 15 – 18Implementation of the actual learning plan should be guided by feasibility, clarity of purpose, and a timetable. Measurable outcomes need to be anticipated and time allotted for periodic reassessment of how the plan is proceeding. During and after the implementation of the plan, the learner needs to consider how he or she will assess the “service value” of whether the plan is working or not (ie, self-monitoring strategy). This involves thinking about types of feedback to obtain to evaluate one's progress and determine the plan's effectiveness in directing learning. Information-rich feedback in the setting of well-established performance standards will allow judgments to be made regarding learning needs. This involves being aware of the environment in which one is functioning, using possible feedback opportunities that exist within that context, and initiating potentially new feedback opportunities that currently do not exist. The learner is challenged to consider specifically the learning plan's goals to ensure the monitoring and evaluation strategies are appropriate to judge progress or the lack thereof. There are several potential pitfalls to developing and implementing both business and learning plans. A lack of clarity and focus can derail the best of intentions in both arenas. Both plans should not be viewed as static documents; instead, they should be open to periodic reevaluation and modification if necessary. It is sometimes the journey and not the destination that can be important. There may be difficulty in selling a business plan or protocol to an investor. Similarly, there may be difficulty at times for learners to be truly convinced that a plan is needed or that they are capable of carrying out the plan. The learner ideally should be the main investor in the plan. The best business plans, according to Sahlman, 19 are like movies that highlight the people, opportunity, context of regulations, demographic and economic trends, and the risks and rewards from multiple angles. To paraphrase, the best learning plans are like movies that highlight the learner, an opportunity to change or become better, a context or environment, and an assessment of risks and benefits from multiple angles. Both represent calls to action that require some careful upfront reflection, analysis, buy-in, and change. And in the words of social psychologist Kurt Lewin, “If you want to truly understand something, try to change it.” All authors are at the Cleveland Clinic Lerner College of Medicine, Case Western Reserve University. Richard A. Prayson, MD, is Professor of Pathology and Director of Student Affairs; S. Beth Bierer, PhD, is Director of Evaluation and Assistant Professor of Medicine; and Elaine F. Dannefer, PhD, is Director of Assessment and Professor of Medicine. - Eugene McDermott Library
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To find articles on topics in Business Plans, use a resource from the Business Management page. It is possible to begin with a database such as Business Source Complete. In the first search box type "business plan" and in the second search box type sample. Notice that there are quotes around business plan. Some of the search results will show examples of business plans. To broaden your search, select a resource from the complete list . , , etc.) | , , etc.) | Intended for a general audience. | Intended for an audience with knowledge in the field. | Articles written by journalists who may or may not have special training in what they are writing about. | Articles are written by scholars, whose names are listed along with credentials. | Articles do not have footnotes. | Articles are footnoted and list sources used. | For Profit | Usually not for profit | Not Peer-reviewed | Peer-reviewed | How do I find peer-reviewed articles and journals? Use a scholarly database rather than a general database (MEDLINE vs. Newspaper Abstracts). | When available, limit to scholarly/peer-reviewed journals when you search your database. | Check in Ulrichsweb (library database) to see if the journal you want is peer-reviewed. | - Ulrichsweb.com Ulrichsweb.com is an online directory of journals, magazines, and other periodicals. Ulrichsweb.com also indicates if a journal or magazine is refereed or peer reviewed.
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The business plan should clearly and concisely define the mission, val-ues, strategy, measurable objectives, and key results the owner expects. It is important to set aside enough time to formulate the plan. Experts recommend starting the planning pro-cess at least 6 months before initiating a new business. Typically, business planning has been analyzed as the single act of writing a business plan (e.g. Honig and Karlsson, 2004).However, business planning is made up of a variety of activities (Gruber, 2007), which entrepreneurs may utilize as a whole, or simply choose parts of the business planning process.It is worth noting that these specific activities are not mutually exclusive with lean ... Abstract. In creating and building a business, the entrepreneur assumes all the responsibilities for development and management, as well as the risks and rewards. Many businesses do not survive because business owners fail to develop an effective plan. The business plan focuses on major areas of concern and their contribution to the success of ... A study by Francis J. Greene and Christian Hopp shows that entrepreneurs who write formal plans are 16% more likely to achieve viability than non-planners. The article explains the context and factors of entrepreneurial planning and provides a summary of the research. The article is devoted to the study of theoretical and methodological foundations of business planning of entrepreneurial projects. The purpose of the article is to deepen and generalize the ... management and its main functions, with the aim of contextualizing the use of business plans. One of the most common definitions of management is the following: Management is the process of ... A business plan is an effective tool used by businesses to organize these goals and objectives into a coherent format. It can be defined as operating a company on paper. No matter the size or stage of development, companies use business plans to improve internal operations and to describe and market the business to potential outside financiers ... startup and business planning represents a false dichotomy. Practical implications - These findings suggest that entrepreneurs should engage in some lean startup activities and still write a business plan. Originality/value - This article offers the first quantitative, empirical comparison of lean startup activities and business planning. A great business plan is not easy to compose, Sahlman acknowledges, largely because most entrepreneurs are wild-eyed optimists. But one that asks the right questions is a powerful tool. A better ... Writing business plans is often the first step for entrepreneurs in developing new venture ideas. Trade press publications support their value and include templates or even software for crafting the business plan. However, the academic literature supporting the value of a business plan is limited, particularly on how the plan directly affects entrepreneurs and their standard of living. Similarly, entrepreneur no. 1 highlighted that investors who ask for a business plan should be considered with caution: "An investor who requires a business plan is not a sophisticated investor - he does not understand the dynamics of a technology start-up. The best investors I know did never require a business plan". Abstract. This book covers the key steps in designing, implementing and administering a formal strategic planning process and provides practical guidance on the elements of a business plan and the steps that should be taken to create a business plan that can be used for execution of strategy and presentations to investors and other external ... The recommendations and resources on this page complement the Whitman School of Management's Nuts and Bolts of Great Business Plans, which was written by Department of Entrepreneurship and Emerging Enterprises.The sections on this page correspond to the Nuts and Bolts of Great Business Plan sections.. Nearly every part of your business plan will require some type of research. The article proceeds as follows. The "Literature Review" section provides a synthesized overview of the available literature, focusing on the emergence and popularity of the business model concept in academic literature as well as on business model definition. The "Method" section describes the methodology of research. Business strategies are important for directing a company's goals to achieve virtuoso performance [11]. Business strategies focuses on improving the competitive position of a company's products and services in a particular industry or market segment served by the company [49]. Through a competitive position, the company's products can ... ABSTRACT. The business plan is the product of a strategic thinking or planning process. The strategic direction developed in that process can then be communicated in the form of a business plan to lenders, potential investors and associates within your company. The development of a strategic direction is a critical step for your company. First, we discuss what makes public-sector strategic planning strategic. Our goal in this section is to reduce confusion in the literature about what strategic planning is and is not. Next, we introduce in more detail the articles in the special issue. Third, we provide a broad assessment of the current state of strategic planning research in ... The business plan is the product of a strategic thinking or planning process. The strategic direction developed in that process can then be communicated in the form of a business plan to lenders, potential investors and associates within your company. The development of a strategic direction is a critical step for your company. It allows your business to leverage the knowledge and competence ... Provide projections for two to four years in the future, including: 1. Forecasted income (monthly for first two years, then by quarter or year thereafter), 2. Forecasted cash flows by month (monthly for first two years, then by quarter or year thereafter), 3. Forecasted balance sheet for all years (year-end), and. 4. Second, this article, with its meta-regression, makes a further contribution by addressing the long-standing debate on the difference between public and private organizations to assess whether it is a relevant management approach across government and business (O'Toole and Meier 2015; Pollitt 2013). It also examines whether geographic context ... The self-regulated learner would argue that you would not, and although a learning plan does not guarantee success, it can increase the likelihood of achieving your learning goals. 4,-6 This article explores the components of structured learning plans, illustrating that they have more in common with business plans than first meets the eye ... To find articles on topics in Business Plans, use a resource from the Business Management page. It is possible to begin with a database such as Business Source Complete. In the first search box type "business plan" and in the second search box type sample. Notice that there are quotes around business plan. |
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Grampians most popular model and one the most successful boats of this size built in Canada. A keel/cb version was also produced in small numbers. Rarer still is a raised deck version, called the DISCOVERY 7.9, introduced in 1979. Grampian offered a Palmer (gas) inboard as an option. Displacement and ballast shown here are as stated for keel ...
Grampian Marine was one of the first manufacturers fiberglass sailboats in Canada. It was founded by Jim Bisiker, owner of a construction company at Oakville, Ontario. Bisiker, along with Dick Kneulman and John Burn began building small fiberglass boats under license from Dyer Yachts of Rhode Island, USA. At the time, Dyer was at the leading edge for this technology and all three men had spent ...
Grampian 26 CB is a 25′ 11″ / 7.9 m monohull sailboat designed by Alex McGruer and built by Grampian Marine between 1967 and 1977. Great choice! Your favorites are temporarily saved for this session. ... Source: sailboatdata.com / CC BY. Embed Embed. View Demo. Embed this page on your own website by copying and pasting this code.
The Grampian 26 is a 26.0ft masthead sloop designed by Alex McGruer and built in fiberglass by Grampian Marine between 1967 and 1977. ... The data on this page has been derived from different sources but a significant part is attributed to sailboatdata.com. We thank them for their encouragements and friendly collaboration.
Grampian 26. The Grampian 26 is a small recreational keelboat, built predominantly of fiberglass, with wood trim.It has a masthead sloop rig, a raked stem, a vertical transom, an internally-mounted spade-type rudder and a fixed fin keel or centreboard. [1]The boat was optionally factory-equipped with a Palmer gasoline engine or can be equipped with a small outboard motor for docking and ...
The Grampian 26 cb is a 26.0ft masthead sloop designed by Alex McGruer and built in fiberglass between 1967 and 1977. ... The data on this page has been derived from different sources but a significant part is attributed to sailboatdata.com. We thank them for their encouragements and friendly collaboration.
Grampian 26 is a 25′ 11″ / 7.9 m monohull sailboat designed by Alex McGruer and built by Grampian Marine between 1967 and 1977. Great choice! Your favorites are temporarily saved for this session. ... sailboatdata.com / CC BY. Embed Embed. View Demo.
The Grampian 26 was the most successful of the Grampian. sailboats with about 1,000 being built between 1967 and 1977, all in Oakville , Ontario. Visit the links on this page to learn all about this sturdy, seaworthy but fast sailing boat that has won many club. championships.
In Canada, one of the first was Grampian Marine Limited of Oakville, Ontario. In its first year, the yard produced the 16-foot Jumpahead Catamaran and Triangle 20. In 1963 it added the 27-foot Eagle sloop and Triangle 32, and in 1965 the Classic 31, Walton 37 and U.S. Yachts 41. The Grampian 26 was introduced in 1969 and continued in production ...
looking at buying a grampian 26, can anyone tell me if the galley is easily removable to refinish it? how big is the icebox? (going to look at the boat in 2 days) what is behind the stairs? there seems to be a cuby or something there
Grampian 26 preowned sailboats for sale by owner. Grampian 26 used sailboats for sale by owner.
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The Grampian 26 cb is a 26.0ft masthead sloop designed by Alex McGruer and built in fiberglass between 1967 and 1977. The Grampian 26 cb is a moderate weight sailboat which is a reasonably good performer. It is very stable / stiff and has a good righting capability if capsized. It is best suited as a coastal cruiser.
He began with the GRAMPIAN 26 followed by the GRAMPIAN 30 and later the GRAMPIAN 23. Due to it's expanding US market, a plant was opened in North Carolina USA and the company became less reliant on it's original Oakville facility. When the company closed in 1977, the assets were sold to a number of different buyers. ... Source: sailboatdata ...
Check the rudder tube and bearings (if any). Spade rudders can be a weak spot, and there's a lot of force on them when sailing downwind in big seas. If you can drop the rudder and check for cracks and water intrusion and corrosion, especially where the shaft enters the fiberglass body, it would be time well spent. Make sure the deck-hull joint is not leaking and re-bed as necessary.
31' Mariner Ketch - Major Restoration & Repower - New Rigging & Sails Tenants Harbor Maine, Maine Asking $45,000
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Sergej Trofimov at Zolotoj grammofon 2008 in Moscow with the unofficial Olympia hymn 'Gorod Sochi'.
LENGTH: Traditionally, LOA (length over all) equaled hull length. Today, many builders use LOA to include rail overhangs, bowsprits, etc. and LOD (length on deck) for hull length. That said, LOA may still mean LOD if the builder is being honest and using accepted industry standards developed by groups like the ABYC (American Boat and Yacht Council).
46.00 ft / 14.02 m. 1969. GRAMPIAN CLASSIC 31. 30.92 ft / 9.42 m. 1964. GRAMPIAN CLASSIC 37. 37.26 ft / 11.36 m.
LENGTH: Traditionally, LOA (length over all) equaled hull length. Today, many builders use LOA to include rail overhangs, bowsprits, etc. and LOD (length on deck) for hull length.
Notes. With the exception of the unique feature of tandem centerboards, (offered as an option) the GRAMPIAN 46 seems to be nearly the same design as the US 46. Both of these yachts are probably from the same tooling used to build the earlier US 41.
Jonathan Saavedra & Clarisa Aragon, 1-5, Moscow Tango Holidays 24-26 May 2019, Prischepov TV - Tango Channel, Tango in the world, http://prisсhepov.ru, archi...