PLANNING IN MANAGEMENT: (THE TACTICAL PLAN # (4. Marketing, Financing, etc…
PLANNING IN MANAGEMENT:
III. MAINTAINING THE PLAN
the plan to everyone in the organization.
people of their roles and responsibilities related to
necessary training for people to fulfill these roles
disaster drills where practical.
the results of training and drills, and make any
II. DEVELOPING THE PLAN
Remember these guidelines when it's time to prepare your
-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
-Include contingency plans in standard operating
-Manage your risks
-Identify operational inefficiencies
I. RISK ASSESSMENT
The need for drawing up contingency plans emerges from a
thorough analysis of the risks that your organization faces.
Address all business-critical operations – A good plan
identifies all critical business functions, and it outlines
ways to minimize losses.
Identify risks – For each of these functions, conduct a Risk
Analysis to identify the various risks that your business may
Prioritizing risks – One of the greatest challenges of
contingency planning is making sure you don't plan too much.
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.
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.
2. Permanent Plans
These plans can be used in multiple configurations permanently. The permanent plans can be of several types, namely:
A procedure describes a step-by-step process
to achieve a certain objective.
The rules are specific regulations according to which
the company works.
A policy is a general document that dictates how
managers should approach a problem.
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.
THE TACTICAL PLAN
4. Marketing, Financing, etc.
Finally, the tactical plan should list the immediate strategy of marketing, supplies, financing, manufacturing, distribution, and PR.
The tactical plan must list all the available resources to
achieve the objectives of the organization.
The tactical plan must list the budget requirements to
achieve the goals specified 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
The tactical plan describes the tactics that theorganization plans to use to achieve the ambitions described in the strategic plan.
Planning is the part of management that deals with the creation of procedures, rules and guidelines to achieve an established objective.
THE STRATEGIC PLAN
The key components of a strategic plan are:
A strategic plan is a high-level overview of the entire
business, its vision, objectives and values.