There were many things I found interesting about this week's reading, but one that stood out in particular was the lack of necessity a strategic plan is for a small business. While described the benefits it has towards la gear corporations, I felt a strategic plan would benefit any type of business.
I also found it confusing that out of 220 companies studied only about 40 percent had an actual plan set for their business concept. It's hard to understand how a business can expect to succeed and grow with out a laid out plan for their future.
Two questions I'd ask:
Why do so many business start without a strategic plan?
At what point does a business start to think about making a strategic plan?
I did not disagree with anything from this week's reading.
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