Planning in management
Strategic
This plan is the fundamental basis of the organization and will dictate long-term decisions.
Key components:
- Mission
- Vision
- values
Purpose:
Establish action plans.
It is based on:
Objectives of the company, defining the resourses and managed said resourses.
Strategic Planning
- Why and when?
- Entrepreneur: president, partners, directors.
- Long term, more comprehensive.
Tactical
Describes the tactics that the organization plans to use to achieve the ambitions described in the strategic plan. Short-term document.
Components:
- Specific goals with deadlines.
- budgets
- Resourses.
- Marketing, financing, etc.
Tactical planning
- Where and how?
- Administrator: Manager, Coordinator.
- Medium-term. Link between levels
Operational
Describes the day-to-day of the company.
this plan is very detailed and emphasizes short-term objectives.
creating it is responsability of:
Low level managers and supervisors.
Plans
1.- Single use plans:
2.- Permanent plans:
Are created for events/activities that will only happen once.
are usually very specific.
Can be used in multiple configurations permanenthy.
- policies
- rules
- procedures
Operational Plan
- What?
- Technical
- Short term. Specific
Developing a good plan B
Risk assessement
Developing the plan
Maintaining the plan
A) Address all bussiness-critical operations.
B) Identify risks.
C) Prioriritizing risks
1- Identify threats
- Human
- Operational
- Reputational
- Procedural
- Project
- Financial
- Technical
- Natural
- Political
- Structural
2- Estimate risks
Risk value= Probability of the event x cost of event
- Your main goal is to maintain business operations.
- Define time periods.
- Identify the trigger.
- Keep the plan simple.
- Consider related resourse restrictions.
- Identify everyone´s needs.
- Define success.
- Include cintingency plans in standard operating procedures.
- Manage your risks
- Identify operational inefficiencies.
- communicate
- inform
- provide
- conduct
- assess
- review
- distribute
- keep
- audit