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PLANNING IN MANAGEMENT: (THE TACTICAL PLAN # (The tactical plan describes…
PLANNING IN MANAGEMENT:
THE STRATEGIC PLAN
#
A strategic plan is a high-level overview of the entire
business, its vision, objectives and values.
The key components of a strategic plan are:
1.-Mission
2.-Vision
3.-Values
Planning is the part of management that deals with the creation of procedures, rules and guidelines to achieve an established objective.
THE TACTICAL PLAN
#
The tactical plan describes the tactics that theorganization plans to use to achieve the ambitions described in the strategic plan.
1.-Specific Goals with Deadlines
The tactical plan will set this great ambition on smaller and actionable goals. The goals should be very specific and set deadlines to encourage action
2. Budgets
The tactical plan must list the budget requirements to
achieve the goals specified in the strategic plan.
3. Resources
The tactical plan must list all the available resources to
achieve the objectives of the organization.
4. Marketing, Financing, etc.
Finally, the tactical plan should list the immediate strategy of marketing, supplies, financing, manufacturing, distribution, and PR.
THE OPERATIONAL PLAN
#
The operational plan describes the day-to-day running of the company. The operational plan draws a roadmap to achieve tactical objectives within a realistic time frame.
1.-Single Use Plans
These plans are created for events / activities that will only happen once. This can be a sales program, a marketing campaign, a selection process, etc. unique and of exceptional character.
2. Permanent Plans
These plans can be used in multiple configurations permanently. The permanent plans can be of several types, namely:
Policies:
A policy is a general document that dictates how
managers should approach a problem.
Rules:
The rules are specific regulations according to which
the company works.
Procedures:
A procedure describes a step-by-step process
to achieve a certain objective.
CONTINGENCY PLANNING
I. RISK ASSESSMENT
The need for drawing up contingency plans emerges from a
thorough analysis of the risks that your organization faces.
A)
Address all business-critical operations – A good plan
identifies all critical business functions, and it outlines
ways to minimize losses.
B)
Identify risks – For each of these functions, conduct a Risk
Analysis to identify the various risks that your business may
face.
C)
Prioritizing risks – One of the greatest challenges of
contingency planning is making sure you don't plan too much.
2.-
Identify Threats
Human
Operational
Reputational
Procedural
Project
Financial
Technical
Natural
Political
Structural
1.-
Estimate Risk
Once you've identified the threats you're facing, you need
to calculate out both the likelihood of these threats being
realized, and their possible impact.
II. DEVELOPING THE PLAN
Remember these guidelines when it's time to prepare your
contingency plan:
-Your main goal is to maintain business operations
-Define time periods
-Identify the trigger
-Keep the plan simple
-Consider related resource restrictions
-Identify everyone's needs
-Define 'success'
-Include contingency plans in standard operating
procedures.
-Manage your risks
-Identify operational inefficiencies
III. MAINTAINING THE PLAN
-Communicate
the plan to everyone in the organization.
-Inform
people of their roles and responsibilities related to
the plan.
-
Provide
necessary training for people to fulfill these roles
and responsibilities.
-
Conduct
disaster drills where practical.
-Assess
the results of training and drills, and make any
necessary changes.
-
Review
-
Distribute
-
Keep
-Audit
