1. Using your own company and industry as the focus of your analysis, prepare a critical evaluation of the role, potential and contribution that business planning has to offer.2. Using your knowledge of key concepts, tools and techniques, identify and evaluate the key ‘hard’ and ‘soft’ system factors that are known to impact upon success and failure in the development/implementation of business plans in the same industry.3. Within your own organisation, review how business plans are currently developed and evaluated and compare the latter with issues of suitability, feasibility and acceptability that take into account strategic position, resources and competencies and expected performance outcomes.4. Briefly review the ways by which fully-costed business plans are prepared, defended and approved in your own organisation, commenting where appropriate on areas for improvement5. How the approach does identified in the first part of element 4 above, compare with ‘best practice’?