Answer to Question #235703 in Psychology for Phindile Dlamini

Question

Explain why its is important to consider a management plan when perusing a business plan?

Answer 1

A management plan is crucial because it helps accomplish goals entailed in a business plan in many ways; these include clarifying the roles and responsibilities of the different stakeholders in the management of a business. It also helps to identify goals and objectives to improve resource utilization, set performance and management of employees.