Philip Walcoff - "The Fast Forward MBA in Business Planning for ...

Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"6. Employee ownership of the company in place7. 6 percent 401(k) annual matching program in placeEXERCISE 30: DESCRIBE YOUR FIVE-YEAREMPLOYEE COMMITMENT GOALSUsing one or more of the examples shown in the precedingtext, or based on other mission statement employeecommitments you have identified, document one or two fiveyearemployee commitment goals in your business plan (seeAppendix B).Relationship between the Mission Statement and the Five-Year GoalsYour five-year goals should tie directly to your mission statement. To ensure that this hastakenPage 105place, the development of your five-year goals has been framed with this in mind. Table 7.1 shows therelationship among the five elements of your mission statement and the five-year goals you havedeveloped so far.Additional Goals to ConsiderThere are most likely some additional five-year goals that may not relate directly to the missionstatement but do support the growth and profitability of your company and should be included in yourlist (Exercise 31). Examples of additional five-year goals follow:1. Submit a total value of $10 million in proposals.2. Submit 4 major ($10-million) competitive proposals as the prime contractor.3. Establish a 35 percent competitive proposal win rate.file:///C|/Documents and Settings/gasanova/Local Setti...orward_MBA_in_Business_Planning_for_Growth/e-book.html (119 of 219)16.02.2005 13:54:23