Question

The organization and management section of a business plan should include _____.

1) industry description and outlook
2) profiles of the management team
3) target market information
4) all of the above

Answer 1

The organization and management section of a business plan should include profiles of the management team, focusing on their experience and roles within the company.

Step-by-step explanation:

The organization and management section of a business plan should include profiles of the management team. This section typically does not include an industry description and outlook or target market information, which are covered in other sections of the business plan like the market analysis. The emphasis is on detailing the backgrounds, responsibilities, and qualifications of each executive and key management personnel to illustrate the team's ability to drive the company to success. As a business becomes established and its strategy is likely to be profitable, detailed knowledge of individual managers becomes less important to outside investors like bondholders and shareholders.