The preparation of business plans and their use in monitoring insolvency triggers

Seminar paper from the year 2017 in the subject Business economics - Business Management Corporate Governance grade: 20 University of Münster language: English abstract: How are business plans used and integrated in grown businesses to effectively support top management decision-making in terms of monitoring for insolvency triggers? To answer this question the paper starts defining relevant terms and the conceptual background referring to management information systems business planning and corporate insolvency. Afterwards it captures how business plans should be tailored according to the top management's needs based on the management information system. Ultimately the paper's target is to show the implications of business planning and critically discuss how business plans can support the top management in establishing the financial plan required for monitoring insolvency triggers.