Business, financial statements & financial planning - business planning - formulating alternatives

3 important questions on Business, financial statements & financial planning - business planning - formulating alternatives

What is the first step in identifying possible options?

Collecting and analyzing information to give the management an update on what's going on inside (internal) and outside (external) the business

What is the last step?

Following the conclusions from the analysis, management must formulate alternative ways of achieving it's goals

Purpose of formulating alternatives

Prevent tunnel vision and keep an open mind

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