2007-08-20 12:44:03 · 2 answers · asked by Anonymous in Business & Finance ➔ Corporations
Business plans are meant to change. There are many impacts to a business - customers, technology, laws, etc. External influences affect businesses internally. Most business plans are based on 3- or 5-year plan and is meant to be reviewed AT LEAST once a year. Some are reviewed quarterly. If company exceeds their margins or their numbers aren't what is expected, then a re-evaluation of expectations is required - whether good or bad. A business plan is a template and not meant to be static. It is an evolving document over time. Hope this helps - it's nice to put that MBA to use finally...
2007-08-20 12:54:50 · answer #1 · answered by the_dragyness 6 · 0⤊ 0⤋
Dragonlady is correct. Business plans can change for both internal AND external reasons. Sometimes a new CEO with different management styles will change the business plan. Acquisitions are another factor. The economy is a big factor.
2007-08-20 13:14:38 · answer #2 · answered by jdkilp 7 · 0⤊ 0⤋