at we should focus on during all months of the year. Employers and employees can work together to establish a plan that identifies goals and skills that not only support business objectives but also meet the individual needs of employees to help them have a fulfilling career. Give some suitable suggestions through which you create successfu

at we should focus on during all months of the year. Employers and employees can work together to establish a plan that identifies goals and skills that not only support business objectives but also meet the individual needs of employees to help them have a fulfilling career. Give some suitable suggestions through which you create successfu

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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Kaily Bach was recently promoted to the managing director's position at Big Wheel Bikes, Inc. Kaily was told by her boss that she received the promotion because he believed she had the management skills necessary to help the company become more efficient and effective. During her first week, Kaily first compared the actual revenues and expenses of the company with desired results. She also met with employees to get their feedback and suggestions. Armed with this information, she formulated the future course of action for Big Wheel Bikes. One of her short-term goals is to provide the employees of Big Wheel Bikes with flexible working schedules. Another short-term goal is to create business lunches, in which groups of five employees meet over lunch to discuss organizational objectives. Kaily is confident she can lead the company into a prosperous future. Refer to Big Wheel Bikes, Inc. Which of Clark Wilson's three skill categories is involved when Kaily implements the lunch sessions?…
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