Week 3 Essay Example | Topics and Well Written Essays - 1000 words - 1

Week 3 - Essay Exampleccessful labour while taking particular considerations to the current economic conditions and so as to develop contingency conceptions in that respect. In essence, it is a intention of thriving in the market.While there are different types of calling means, they all shag serve either of the two aspires internal and external (Schwetje & Vaseghi, 2007, p. 1). When a business plan has an internal function, it presents strategies and tactics which can be utilized to effectively manage the internal operations and different domestic affairs of the company. A business plan could also be structured for an external purpose when it presents feasible means of financing (e.g. bank loans, venture capital, strategical alliances) for the continuous operation of the business.The marketing plan is probably the meatiest feature that a business plan could have since it presents how the companys products should be change to the target market (even if the market is oligopo listic or in a form of perfect competition though except in a monopolistic structure) or in brief the influx of a real(a) good cash that could support the business operations for a long term (Jaret, et al., 2010, p. 153). The marketing plan typically includes the current market situation, product positioning and/or promotional tactics (Jaret, et al., 2010, p. 154).Apparently it can be said that a product is not doing any good in the market at all either because of a poor marketing strategy or simply because it lacks value and features. However, sometimes a bad product can guise a good image through strategic marketing. A good marketing strategy permits the aspiring businessman to roughly know how to compete in market through a thorough market research. Without a marketing strategy, the business idea is a fail no matter how well established the companys reputation is. For someone bare-assed in the market, everything will be much worse.The financial overview is also an important asp ect in a business plan. Defining the financial