Business plan- definition Essay Example | Topics and Well Written Essays - 2750 words

Business plan- definition - Essay Example A business plan is aimed at justifying business idea and its future potentials. It is the conclusive document that details the strengths, risks, future developments and other relevant technicalities involved in undertaking the business venture. Business plan is primarily and usually developed for undertaking a new business venture. However it may also be developed when an existing business makes some new initiative changes for which a sizeable investment and analysis is required. Externally, business plan helps in communicating to the potential stake holders about the financing of the new business idea. Simultaneously, a business plan serves the internal purpose by making the picture clear to the people in organization about the business. Having a conclusive business plan serves as a guideline of future moves and is an important controlling mechanism against which actual performance can be compared. The business plan encompasses several elements of significant importance to new busin ess idea. These include idea generation, strategic objectives, market analysis and research, understanding the competition, cash flow, profit and loss forecasts, balance sheet projections, competitive strategy and scenario analysis. These elements are critically analyzed in the following discussion. Elements of Business Plan 1. Idea Generation Idea generation is the process in which problem under consideration is understood and ideas to solve that problem are generated and communicated. It is the basic element of business plan on which the success of business relies heavily. An idea that understands the problem only at surface and does not address the core depths of issue will result only in short-term success and ultimate failure. A successful idea is the one, for a new business, that is feasible and profitable. Idea generation is the rigorous task (Legrand 2011, p.125). It requires a great analysis and commitment to arrive at successful business ideas. Most of the business failure s trace to unworkable business ideas. Business idea turns out to be a failure because of very common problems that include; surface understanding of problem, improper understanding of environment where idea is to be introduced and miscalculations in assessing future potential of idea generated. These are the most common areas that are not properly addressed while proposing any idea. In organization, a leader can take steps to help in generation of useful and successful ideas. He/she can do so by directing idea generators in a way so as they may not overlook the common areas of mistake that result in ultimate failure of business plan. Group idea generation is the common organizational practice. It offers the benefit of the pooled knowledge f group and ensures a proper critical analysis of idea before it is implemented. 2. Strategic Objectives: The term ‘Strategic Objectives’ refers to the concrete financial and non-financial goals that an idea is supposed to achieve. Set ting of strategic objectives serves various important purposes in a successful business venture. It defines the targets in concrete terms and also the role of different functional units of organization for achievement of strategic objectives. Strategic objectives outline the amount of financial and non-financial resources that are required to make an idea a success. This is a critical step in business plan. A business idea can be a failure if its translated strategic objectives are vague, unclear and ill-calculated. A major coordination problem, among functional units, will arise in case the objectives are not well understood. A

The world was created by God Term Paper Example | Topics and Well Written Essays - 1000 words

The world was created by God - Term Paper Example In addition, there is no one being that has the power and skill to create the world. The Jainas contend that, if God were truly omnipresent and omniscient as claimed by the Naiyayika, then he would have to be everywhere and would require adsorbing himself to everything. Everything would have to be adsorbed to into his own self also, which would not leave anything to exist outside of him. His omniscient nature would also make him have the ability to experience hell since he would know everything and the knowledge he would have would be a direct experience. Therefore, his omnipresent and omniscient presence is put into question. The Jainas also contend that, a spiritual God would not have the ability to create material things because he had no raw material to do this. This argument posits that claiming the raw material rose naturally was to err because this would mean that the whole world might as well have created itself and come to be naturally in a similar way (Van Voorst 134). From this argument, the Jainas seem to contend that understanding the world as being the cause of an effect is difficult since if effect is taken to mean the world is made of parts, even space would, in this case, have to be regarded as having been an effect of God’s creation. If this effect were to mean that something that did not exist before being the result of a cause with coherence, it is not possible to talk of the world as being the effect of the creative ability of God because all atoms have been there since the beginning. In addition, if it means that God created things that are liable to being changed over time, then it should be argued that God was and still is liable to being changed. God would also need a creator who would create him and that creator would need another creator to create him and on and on. From the Jainas argument, such kind of creation would cause infinite regress. Finally, the Jainas contend that if God was complete and perfect prior to creating the world, the will to create the world would never have arisen in him, and if he were not perfect, he would not have the ability to create the world anymore than a potter would (Van Voorst 134). The view of God as an all-embracing and formless also renders him unable to create the world because he would have no desire to form or create anything. The Jainas contend that if God would have to be imperfect because he would have to possess the intelligence of humans. If this was not the case and God’s intelligence was only similar to that of humans, he would still have to possess a body because all intelligent beings in the world have bodies. Embodied intelligence is necessary if God should have the ability to produce a will. God would also not have gained any advantage from creating the universe since he is perfect as well (Van Voorst 134). According to the Jaina, it is unnecessary to assume a first-cause or a creator because there must also be a being who led to the first cause. F or the Jainas, it is more probable and logical to assume that the world has always existed and that it has gone through many changes (Jain 45). Nature and not a deity or God drives these changes, which also led to the Jainas not having any stories to explain creation. The world and everything that is in it, including motion principles, time, soul, space, and