PLANNING IN MANAGEMENT (Strategic Plan ( (Entrepreneur: President,Partners…
PLANNING IN MANAGEMENT
The steps that you go through as an organization to determine the direction of your organization (Its Vision), what you're going to do and for whom (Your mission) and someway to measure it or to guide you in a strategy to get there (Your goals).
“What do we do?”
“For whom do we do it?”
Entrepreneur: President,Partners, Directors.
Long term. More Comprehensive.
Why and When?
Is short range planning emphasizing the current operations of various parts of the organization. Short Range is generally defined as a period of time extending about one year or less in the future.
This must include the budget to hire personnel, marketing, supplies, manufacturing, and execute day-to-day operations of the company. Listing the output and input flows is also a recommended practice.
It must include human resources, IP, cash resources, etc. Again, it is advised to be highly specific.
Specific Goals with Deadlines
The goals should be very specific and set deadlines to encourage action
*Marketing, Financing, etc
Its scope must be aligned with the goals described above. And should list the immediate strategy of marketing, supplies, financing, manufacturing, distribution, and PR.
Administrator: Mnager, Coordinator.
Medium-Term. Link between levels.
Where and How?
The process of linking strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success and explains how, or what portion of, a strategic plan will be put into operation during a given operational period.
These plans can be used in multiple configurations permanently.
A policy is a general document that dictates how managers should approach a problem.
The rules are specific regulations according to which the company works.
A procedure describes a step-by-step process to achieve a certain objective.
Single Use Plans
These plans are created for events / activities that will only happen once.
Short Term. Specific.
Planning processes can lead to higher productivity, higher accuracy, and faster turnaround for essential business tasks. This will dig into process planning: what it is, why we should do it, and the steps to follow to plan or improve a process.
Contingency planning is a key part of this preparation.
a) Address all business-critical operations
b) Identify risks
c) Prioritizing risks
Risk Impact/Probability Charts
1. Identify Threats
Human, Operational, Reputational, Procedural, Project, Financial, Technical, Natural, Political, Structural.
2. Estimate Risk
Risk Value = Probability of Event x Cost of Event
DEVELOPING THE 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
Include contingency plans in standard operating procedures
Manage your risks
Identify operational inefficiencies
MAINTAINING THE PLAN
You need to do several things to keep it practical and relevant don't just create a document and file it away. As your business changes, you'll need to review and update these plans accordingly.
Communicate, Inform, Provide, Conduct, Assess, Review, Distribute, Keep,