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

Focusing on the integration of business plans in established companies, this seminar paper explores their role in aiding top management decision-making, particularly in monitoring insolvency triggers. It begins by defining key concepts related to management information systems and corporate insolvency. The paper emphasizes the necessity of customizing business plans to meet the specific needs of top management. Ultimately, it critically examines the implications of effective business planning and its significance in developing financial strategies to prevent insolvency.