Some Thoughts on Business Plans Note William A Sahlman 1996
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Some Thoughts on Business Plans, by William A. Sahlman, is a book that has been widely acclaimed by practitioners in the field. It represents a new direction for business planning, one that emphasizes the need for practical wisdom as well as intellectual rigor. In short, it offers business people a fresh perspective on the business world they inhabit, a perspective that has a solid basis in history and experience. The book, based on over 30 years of experience at the helm of several companies, offers a wealth of practical wisdom about running
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A thoughtful study paper, written from personal experience and opinion, that explores the relevance of business plans, for the betterment of the business community. The paper highlights the importance of clear and concise business plans, with a particular focus on financial projections. A business plan is an essential tool in the business community. It allows businesses to take a strategic decision that determines the future growth and development of the business. A business plan is a document that outlines a company’s vision, mission, goals, strategies, and resources.
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William A Sahlman’s Note is one of the most widely quoted documents in business analysis. It sets out Sahlman’s principles for evaluating alternative business models. In a brief and to the point way, Sahlman argues that an alternate strategy has to be “a reasonable” alternative (p. 3). The model must not be based on “the old ideas of monopoly and duopoly” but on “new ideas” (p. 5), such as a business which offers products at competitive prices. As this is a
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Some Thoughts on Business Plans (1996) by William A Sahlman: – 1996 – 41 pages – paper My own thoughts are Here are the basic features of this book: – Introductory chapter, a quick look at the current state of business planning and some examples – Sections on strategy, the marketplace, organization, people, and technology – 5 chapters on each of the 4 elements: market analysis, competition, management processes, and financing.