Strategic Planning in the Small Business

Unit 6

Content

Process

Explain the common objectives for the

Put up TP 6-7: Common objectives for

Board of Directors.

board of directors.

How a small business owner chooses to

use Put up TP 6-8: Stages of firm life cycle.

a board often depends on where

they are in

the product life cycle.

Provide the participants with

HO 6-4.

Explain how a board

can help at each stage.

Explain the different

types of boards of Put up TP 6-8: Generic

board types.

directors.

Explain the characteristics small business

Put up TP 6-9: Characteristics to seek

in

owners seek in new

board members, new board members.

Hand out

a reading related to the topic (HO

6-5: Do Board of Directors Really

Help

Smal Businesses").

In summary, strategic planning is a powerful

management tool that

involves in-depth

organizational analysis, careful strategic

choice,
detailed specification or responsi­

bility, and regular
review and modification.

A board of directors
can be a valuable tool Thank you!

in this process.
The end.

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