A business critique is an analysis and evaluation of some enterprise. If you need to write it, you should start with learning some essential information about the subject.
For starters, a business plan is a detailed description of all the aspects of your business. It contains SWOT analysis, risk analysis, all the goals, and the ways to achieve them. The business plan covers the financial, marketing, operational details of a company or nonprofit organization. Qualitative business research is also one of its crucial parts.
Any business plan is a way to attract possible investors for your startup and to achieve your goals. After completing each objective, it is necessary to update your journal and set new goals.
Good planning creates the foundation of a startup or international business. So, proper feedback is always necessary. That’s where criticism comes in handy.
Our experts have explained how to write a critique paper about business. We’ve listed what parts of the company’s plan you should evaluate and analyze. Besides, under the article you’re reading now, you’ll find business critique examples.
How to Critique a Business Plan
We hope now you realize the importance of critique for any organization. To write one, you’ll have to conduct a critical evaluation of a business plan. In this section, we’ll learn how to do so.
To do a business plan review, you’ll need to analyze the following:
Capacity.
Is there’s enough organizational and financial capacity to achieve the goals and follow the plan? You can think of the entrepreneurial changes needed. Consider the possible threats and how achievable the goals are.
Finances and organization.
Check if the numbers are precise. Are there any miscalculations in the plan? It is crucial that the costs are estimated and not omitted. Besides, there should be a possibility of revenue growth. Were the previously predicted results successful?
Value of the products.
Analyze the competition in the market and the target customers. Do they need what the company in question offers? Do these products or services have superiority over the competitors?
Techniques and models used.
Evaluate the method and the model used. Are they effective? Can the business benefit from them? Keep in mind that even poor planning might have value. Meanwhile, over-planning might cause harm.
Management team.
To analyze the management team, you need to evaluate its capability. Examine if the unit is complete and if it can achieve the goals listed in the plan.
Check out our business plan critique examples below to see how you can evaluate these aspects.
Structure of a Critique
To write a good critique paper about business, you need to learn how to structure it first. Let’s dive into it. For more information about organizing, read our article on how to plan your paper.
Here are the two ways you can organize your essay or research paper:
Structure 1:
Introduction. Introduce the case of your business critique analysis and state the points you’re going to write about in your thesis.
Body Paragraphs 1-3. Analyze and evaluate one aspect per section.
Conclusion. Write down your essay summary and restate your thesis.
Structure 2:
Introduction. Introduce the case of your business critique analysis and state the points you’re going to write about in your thesis.
Body Paragraph 1. Write down a detailed description of the project.
Body Paragraph 2-4. Evaluate three aspects of the plan (one aspect per paragraph).
Conclusion. Write down your essay summary and restate your thesis.
Thanks for reading! Check out the examples of critique papers about business below. There you’ll find out how to use these methods and take a look at writing samples composed by other students.
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