In its simplest form, a business plan is a guideâa roadmap for your business that outlines goals and details how you plan to achieve those goals. Donât swallow the obsolete idea of the business plan must be a long, formal document, as if it were some term paper you have to write. Thatâs not true anymore.
DEFINITION of 'Eclectic Paradigm'. A theory that provides a three-tiered framework for a company to follow when determining if it is beneficial to pursue direct foreign investment.he eclectic theory paradigm is based on the assumption that institutions will avoid transactions in the open market when internal transactions carry lower costs.
As its name indicates, eclectic therapy is a therapeutic approach that incorporates a variety of therapeutic principles and philosophies in order to create the ideal treatment program to meet the specific needs of the patient or client.nstead of insisting upon strict adherence to one particular approach or school of thought, eclectic therapists employ elements from a range of therapeutic techniques, with the goal of establishing a course that is personally tailored to the patient or client.