What are the typical time frames for business planning?
. Why would a well-established firm take the risk of creating and launching a new
insurance firm with a completely new brand?
. To reduce the risk of failure, certain steps should be taken to develop a business idea
into a coherent strategy. Describe three or four steps that would feature in the
process.
. When the strategy is agreed, what are the two main options available to senior
management in regard to staff resourcing?
. ‘Financial performance’ is one of the key measures in a business plan. What types of
stress tests are appropriate for this measure?
