Ch 28: Strategic Planning for Small Businesses

About This Chapter

Study these small business management lessons to learn about the strategic planning process. These convenient and mobile-friendly lessons can help anyone who needs to prepare for exams, finish homework assignments, improve their grades or simply strengthen their business knowledge.

Strategic Planning for Small Businesses - Chapter Summary

The lessons in this chapter outline the purpose and components of strategic management in business. Through short and informative lessons, you'll examine the four main types of business planning, outline the entire strategic management process and understand why planning is a key function of business management. You'll also take a look at relevant topics, including sales strategies, crisis management, management by objective and management by exception.

Following each lesson is a short self-assessment quiz to help you reinforce what you've learned. You can study whenever and wherever it's convenient and reach out to our instructors if you have any questions. These lessons are designed to help you:

  • Define the process of strategic management
  • Explain strategic, tactical, operational and contingency planning
  • Determine the ways in which planning helps organizations achieve their goals
  • Summarize operational planning
  • Outline the purpose and process of management by objective
  • Assess the advantages and disadvantages of management by exception
  • Understand how companies plan and implement sales strategies
  • Identify the elements of crisis planning and management

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Other Chapters

Other chapters within the Intro to Business: Help and Review course