Plan strategically to improve business performance.

Answer the following question in the space provided below.

Write a paragraph on the following exercise:
Conduct an interview with someone in an established business and find out about their strategic plan. Who compiled their plan, and what is the time scope of the plan? Get as much information as possible.

Strategic planning in business is essential for enhancing performance. Interviewing established businesses about their strategic plans offers valuable insights.

Explanation:

Strategic planning is vital for improving business performance. In an interview with an established business, inquire about the factors influencing their strategic plan, such as objectives, resources, and time scope. Understanding who compiles the plan and the duration over which it is implemented provides valuable insights.

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