Dealing With The Global Workforce

1. Evaluate the importance of a business plan that is both well-written and based on desired outcomes. Suggest two (2) ways in which a well-written business plan could assist a business owner of an airplane and service company in continuing with their vision for the company.2. Evaluate the effectiveness of Lee Rhodes’ (founder of the private company "Glassybaby") business decisions based on the manner in which such decisions have impacted the success of her business from an entrepreneurial point of view. Recommend two (2) additional strategies that Rhodes could utilize to increase her chances of continued success. Justify your response. Answer 1Business plans are documents used for planning out specific details about business. Comprehensive business plans have three sections--business concept, marketplace and financial--and these are broken down into seven components that include the overview or summary of the plan, a description of the business, market strategies, competition analysis, design and development, operations and management, and financial information. Importance of Business PlanClarify DirectionThe primary purpose of a business plan is to define what the business is or what it intends to be over time. Clarifying the purpose and direction of