When beginning a new company, how crucial is it to have a business strategy or plan in place?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter7: Entrepreneurship
Section: Chapter Questions
Problem 5CRQ: Why is it important to develop a business plan? What should such a plan include?
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When beginning a new company, how crucial is it to have a business strategy or plan in place?
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