Identify all the relevant parties who have an interest

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Reference no: EM133670780

Question: Identify all the relevant parties who have an interest or will be affected by the business plan's outcomes. This may include investors, employees, customers, suppliers, regulatory authorities, and other partners. Seek their input on what they consider essential performance objectives and measures for the business plan. Based on the insights gathered from stakeholders and the overall vision of the business, set clear and measurable performance objectives. These objectives should be specific, attainable, relevant, and time-bound (SMART). Establish realistic and challenging targets for each performance measure. Additionally, research industry benchmarks or best practices to provide context for your goals. Clearly define who is responsible for tracking and reporting each performance measure. Assign ownership of objectives and measures to specific team members or departments.

Reference no: EM133670780

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