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

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<strong>Philip</strong> <strong>Walcoff</strong> - "<strong>The</strong> <strong>Fast</strong> <strong>Forward</strong> <strong>MBA</strong> <strong>in</strong> Bus<strong>in</strong>ess Plann<strong>in</strong>g <strong>for</strong> Growth"Monthly visits to client sites byall senior managersVisits to client sites by CEO atleast twice a yearPage 118objectives are steps along the way toward achiev<strong>in</strong>g your five-year goals.Competitive Dist<strong>in</strong>ction ObjectivesAga<strong>in</strong>, your competitive dist<strong>in</strong>ction annual objectives (Exercise 35) should come from your five-yearcompetitive dist<strong>in</strong>ction goals. Us<strong>in</strong>g the five-year competitive dist<strong>in</strong>ction goals you developed earlier asa basel<strong>in</strong>e, this year's competitive dist<strong>in</strong>ction objectives might <strong>in</strong>clude those shown <strong>in</strong> Table 8.5.Compar<strong>in</strong>g the competitive dist<strong>in</strong>ction annual objectives with the competitive dist<strong>in</strong>ction five-yeargoals <strong>in</strong> Table 8.5, it can be seen that the objectives def<strong>in</strong>ed are steps along the way toward achiev<strong>in</strong>gthe goals.EXERCISE 35: DESCRIBE YOUR COMPETITIVEDISTINCTION ANNUAL OBJECTIVESIn def<strong>in</strong><strong>in</strong>g your annual competitive dist<strong>in</strong>ction objectives,review the examples presented <strong>in</strong> Table 8.5 and the five-yearcompetitive dist<strong>in</strong>ction goals you developed earlier.Document your own competitive dist<strong>in</strong>ction objectives <strong>in</strong>your bus<strong>in</strong>ess plan (see Appendix B). Don't <strong>for</strong>get to assign achampion (it may be you) <strong>for</strong> each of your competitivedist<strong>in</strong>ction objectives.Strategic Market<strong>in</strong>g ObjectivesYour strategic market<strong>in</strong>g annual objectives (Exercise 36) stem from the five-year strategic market<strong>in</strong>ggoals you developed earlier. Us<strong>in</strong>g these five-year strategic market<strong>in</strong>g goals as a basel<strong>in</strong>e, this year'sstrategic market<strong>in</strong>g objectives might <strong>in</strong>clude those shown <strong>in</strong> Table 8.6. Aga<strong>in</strong>, compar<strong>in</strong>g theseexamples of strategic market<strong>in</strong>g objectives with their counterparts <strong>in</strong> the five-year goals, it can be seenthat the objectives are steps along the way toward achiev<strong>in</strong>g the goals.file:///C|/Documents and Sett<strong>in</strong>gs/gasanova/Local Setti...orward_<strong>MBA</strong>_<strong>in</strong>_Bus<strong>in</strong>ess_Plann<strong>in</strong>g_<strong>for</strong>_Growth/e-book.html (132 of 219)16.02.2005 13:54:23

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