Write a 11 page essay on Business Planning: Enterprise and Entrepreneurial Management.
In a business planning process, it is of paramount importance to understand that there are certain areas which are deemed as necessary for the success that must be achieved. These areas bank on the premise of attaining success if and only there are concerted efforts to have the idea developed and then later on judged on the basis of different scenarios, the competition that exists within the relevant markets and so on. There are a number of features that must be understood before one moves ahead of any further. What is most significant here is to decipher the exact basis of idea generation and how it brings about an idea into the conceptual form. Idea generation lays down the foundation of what is going to take place within the domains of the business planning process and how it will be achieved over a period of time. These are important considerations and should always be considered within the related realms. If the idea is generated in a proper manner, then other ramifications are drawn up properly. If the idea has some major changes, then it is either scrapped up altogether or new amendments are made in order to find the best possible solution. These are very necessary changes which must be understood because, in this day and age, it is imperative to extract the best possible idea for the business planning process. Idea generation, therefore, takes the front seat as far as the business planning process is concerned where the emphasis is on doing things right from the onset (Harper 2003). These are termed as important because it would lead to drawing up adequately sound strategic objectives. The strategic objectives are geared to take an organization forward and that too in the long run. .