Chapter 1 Entrepreneurship and the entrepreneurship

Remedy: Stress implementation. The plan must include specific objectives for key managers and a plan to accomplish.
2. One-person commitment- If one person writes the entire plan key managers are unlikely to be fully committed to it.
Remedy: Involves all members of the management team in preparing the plan.
3. Poor progress control- Implementing the plan is without control because progress reports are lost in the jumble of everyday business
Remedy: Hold regular meetings to discuss progress of the plan and nothing else.
4. Early Consumption- The plan becomes outdated because no one bothers to update
Remedy: Update the plan every six months. That way you never run out of plan.