Business plan as a source of information for making business decisions

Boškov, Veronika

doi:10.5937/skolbiz2-12886

Cited by 4 publications

(9 citation statements)

References 2 publications

(2 reference statements)

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“…The most developed tourist branch is sport fishing and active tourism (birdwatching, hiking through nature, boating, regattas and camping) has become increasingly popular in recent years. The municipality of Opovo does not have an established tourism organization, but the tourism products of the area are advertised within the tourism organization of Vojvodina ( Boškov, 2016). The central place when it comes to the cultural contents of the municipality is occupied by the municipal National Library, under whose jurisdiction is also the exhibition space (pinacoteca) Gallery "Jovan Popović" in Opovo.…”

Section: Tourismmentioning

confidence: 99%

The role of local self-government in the implementation of the sustainable development plan: Analytical framework of the process implemented in the local self-government unit in the municipality Opovo

Ugrinov,

Markov,

Nikolić

2023

Serb J Engin Manag

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The role of local governments in promoting policies is reflect in adopted and implemented sustainable development plan and refers to the territory of the local self-government unit. The process of creating and implementing the Plan is based on a participatory approach, which implies the direct involvement of all interested parties during the entire process. At the conceptual and analytical level, the article presents the contributions from the perspective of public policies and organizational management models in order to introduce an analytical framework based on strategy, analytics and, management. This framework is developed based on the design of a strategy to measure a capabilities in a given local government by means of specific indicators: migration, poor diversification of economic activities, extensive agriculture as the dominant economic activity, high unemployment rate, lack of employment opportunities, weak and underdeveloped infrastructure, low GDP per capita compared to urban areas. Areas and an unpolluted environment facing potential threats. This analytical framework is applied through a case study of the municipality Opovo and its policies to promote sustainable development. Most of these problems are the result of global changes, therefore the results of the analysis highlight the importance of the combined action as a result of effort to implement policies at the local government level.

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Section: Tourismmentioning

confidence: 99%

The role of local self-government in the implementation of the sustainable development plan: Analytical framework of the process implemented in the local self-government unit in the municipality Opovo

Ugrinov,

Markov,

Nikolić

2023

Serb J Engin Manag

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“…The logic behind the creation of a business plan is to predict the future of a new venture through market analysis and research, forecasting, and strategy in order to reduce uncertainty (Watson & McGowan, 2019). Therefore, through the business plan, the entrepreneur thoroughly researches the market and evaluates the possibilities of profitable use of capital (Boškov, 2016). In the business plan, the entrepreneurial venture is described in detail, the economic and financial dimensions are evaluated in order to assess the feasibility and profitability of the business (Bajramović & Ahmatović, 2012a).…”

Section: Business Plan As Part Of the Entrepreneur's Planning Activitiesmentioning

confidence: 99%

“…In the business plan, the entrepreneurial venture is described in detail, the economic and financial dimensions are evaluated in order to assess the feasibility and profitability of the business (Bajramović & Ahmatović, 2012a). It should also be noted that defining such a plan does not guarantee success, but it can increase the probability of success through reliable, comprehensible, and true information that projects business activities (Boškov, 2016).…”

Section: Business Plan As Part Of the Entrepreneur's Planning Activitiesmentioning

confidence: 99%

“…Entrepreneurship is a dynamic and complex process that involves undertaking a series of activities and using identified opportunities in order to create new entrepreneurial ventures (Wei et al, 2018). Contemporary business of entrepreneurs is characterized by changes in the market, great competition, and increasingly demanding customers (Boškov, 2016). Such changes become a source of new business opportunities.…”

Section: Introductionmentioning

confidence: 99%

“…In order to reduce uncertainty and make the right use of perceived business opportunities, business planning is increasingly becoming the focus of entrepreneurs. Business planning is a key instrument in the process of generating new ideas and a necessary prerequisite for starting an entrepreneurial venture and its realization (Boškov, 2016;Wei et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Business plan as a support for the sustainable development of entrepreneurs

Ognjanović,

Kahrović

2023

Econ Sust Dev

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Contemporary business on the market is characterized by numerous challenges that at the same time represent business opportunities for entrepreneurs. Identified opportunities must be elaborated within the framework of a business plan. The business plan is an instrument of the planning process that should indicate the possibilities, potential, and limitations of the realization of a business idea. The aim of the paper is to determine the contribution of the business plan to the success of the company, to state the advantages and disadvantages of its preparation, and to describe in detail the structure of the business plan. It can be concluded that a business plan directs an entrepreneur in business, but in today's turbulent conditions, it is difficult to define a precise plan. It is recommended to create a business plan by key points while leaving the detailed elaboration of the plan for later.

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Sustainable Financing

Kaur,

Pahuja,

Kumar

2023

Drivers of SME Growth and Sustainability in Emerging Markets

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In the present era, sustainability is the most important aspect in innovation and financing. While the integration of sustainability into financing and innovation has been adopted in large enterprises but when it comes to SMEs, they are still lagging behind. Sustainable financing plays a significant role in driving the growth and success of small and micro enterprises (SMEs). SMEs, being essential contributors to the global economy, often face numerous challenges in accessing finance. Limited access to capital hinders their ability to expand, invest in resources, and innovate. The chapter aims to explore the importance of sustainable financing in promoting the growth and development of SMEs along with highlighting innovative financing models and challenges they pose. Additionally, the chapter discusses government initiatives, best practices, and case studies that demonstrate successful sustainable financing for SMEs. Finally, it throws light upon the future trends and opportunities in sustainable financing that can further support SMEs in their journey towards economic prosperity.

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Business plan as a source of information for making business decisions

Cited by 4 publications

References 2 publications

The role of local self-government in the implementation of the sustainable development plan: Analytical framework of the process implemented in the local self-government unit in the municipality Opovo

The role of local self-government in the implementation of the sustainable development plan: Analytical framework of the process implemented in the local self-government unit in the municipality Opovo

Business plan as a support for the sustainable development of entrepreneurs

Sustainable Financing

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