What is NOT an element of a business plan?

A business plan serves as a strategic blueprint for a company, outlining its objectives and the means to achieve them. It typically includes key elements such as a market analysis to understand the competitive landscape, a company summary that provides an overview of the business, and a cover page that serves as the introductory front of the document.

Employee performance reviews, however, are not an element of a business plan. Instead, they are a component of human resource management, focusing on assessing individual employee performance and development within the organization. While performance reviews are critical for workforce management and improving employee efficiency, they are not part of the strategic framework or operational overview encapsulated in a business plan. Thus, the absence of employee performance reviews highlights that they are extraneous to the core elements aimed at outlining business strategy and objectives.