Importance of Review in Developing Organizational Strategy and Business Plans

STRATEGIC PLANNING
TASK 3

TABLE OF CONTENTS
• Importance of review in developing organizational strategy and business plans
• Tools which can be used to review organizational strategy and business plan
• Position of company in current market using tools
• Analysis of competitive strengths and weakness of current business strategy and plan

IMPORTANCE OF REVIEW IN DEVELOPING
ORGANIZATIONAL STRATEGY AND BUSINESS PLANS
The importance of reviewing a business plan is explained underneath:
• It helps in tracking progress and stay updated.
• IT helps in analysing and evaluating more effective approaches through which business
development can be ensured.
• This will be helpful in evaluating progress with enhancing profitability of business over time.
• It also supports in adjusting to changes and markets conditions and affect profitability.