Please enable JavaScript.
Coggle requires JavaScript to display documents.
Business Planning Level 1 Hooks - Coggle Diagram
Business Planning Level 1 Hooks
Business plan
What is within the contents of a business plan?
A business plan is a document that summarises the operational and financial objectives of a business. It is a business's road map to success with detailed plans and budgets that show how the objectives will be realised. Likely timescale of three to five years, these written business plans are often required to obtain a bank loan or financing
1) Executive Summary
2) Marketing strategy
3) Vision and mission statements
4) Products and services
5) Management team and personnel
6) Financial forecasts
7) Responsibilities and targets
8) Training, resource strategy and hierarchy plans
9) SWOT analysis
What could be considered as short, medium or long term goals?
• Short-term objectives are generally those relating to that financial year, in a time frame from now to the end of the year (ie up to a year away). An example might be to raise turnover by 8 per cent and profit by 9 per cent by the end of the financial year.
• Medium-term objectives are generally those that relate to a period from 18 months to three years or sometimes five years (whichever is appropriate for the organisation and people setting the objectives). These objectives will therefore be broader, can be reviewed and may need to be amended with time. An example might be to relocate to brand new premises of 20,000 sq ft by March 2021.
• Longer-term objectives are generally more aspirational and so tend to relate to a period of five years plus. Often for owners and/or managers, these can tie closely in with personal goals and work-life balance. An example might be to sell the business for £5 million before the owner/manager turns 60.
Give me examples of typical business objectives?
• Increase revenue
• Recruit and retain high-quality employees
• Enhance customer satisfaction
• Improve company culture
• Maximize workplace safety
• Develop leadership
• Expand productivity
• Increase product quality
• Encourage innovation
RICS Business Plan 2021 - 2022
What are the main fundamentals mentioned within the RICS Business Plan 2021 - 2022?
1) Trusted by our stakeholders and society - We aim to improve stakeholder trust and confidence in RICS.
2) RICS qualifications in demand - Our primary goal is to ensure RICS qualifications remain relevant for the next, more diverse generations and that increased numbers of members use RICS to meet their knowledge and/or training needs.
3) Influential thought leader - We wish to be the profession’s leadership voice on sustainability, data and technology, and diversity and inclusion
4) Involved and engaged members - We want to increase member participation in our communities and increase engagement beyond renewal of professional subscription fees
5) Sustainable 21st century professional body - We aim to improve our financial sustainability and enhance the transparency of our governance, while improving the overall satisfaction of members and the engagement of our people
CBRE's Objectives
What are CBRE's Business plan objectives?
• Respect
• Integrity
• Service
• Excellence