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

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Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"Objective. All members of the management staff have position descriptionsand objectives defined for next fiscal year; a plan for implementing positiondescriptions for all employees is in place for implementation next year.Issue 6. We lack standardized, documented, and effective systems, processes,polices, and procedures; we shoot from the hip.Objective. A preliminary set of company policies and procedures is in place;a survey of required systems and processes is completed; and a program forimplementation is developed for next year.Issue 7. We don't have an agreed-upon common vision, focus, direction, goals,and objectives for the company—a business plan.Objective. This year's business plan is fully implemented and next year'splan is in place.Issue 8. We're understaffed; we need to expand our corporate (marketing/sales,human resources, accounting, contracts, financing, administration) and line/technical/operations staff.Objective. Near-term ''must hires" are on staff and a full staffing plan is inplace for next year.Page 125to describe the necessary near-term actions to support achievement of your annual objectives.file:///C|/Documents and Settings/gasanova/Local Setti...orward_MBA_in_Business_Planning_for_Growth/e-book.html (140 of 219)16.02.2005 13:54:23
Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"Defining the Action PlanWilliam Jennings Bryan said that "Destiny is not a matter of chance, it is a matter of choice; it is not athing to be waited for, it is a thing to be achieved." In terms of the business plan, your destiny can beachieved only if you are able to define the necessary near-term actions (say, 30 to 45 days) you andyour staff will take to begin the attainment of your annual objectives. This is where the rubber meets theroad in terms of implementing your business plan.The action plan consists of a set of action items that describe the first things to be done toward (1)meeting each annual objective you defined in your business plan, and (2) addressing each issue youidentified in your list of issues and issue-response strategies. Each action item describes what will bedone, by whom, and when it will be completed.Action Items Stemming from Annual ObjectivesA portion of the action plan's action items comes directly from your annualobjectives.file:///C|/Documents and Settings/gasanova/Local Setti...orward_MBA_in_Business_Planning_for_Growth/e-book.html (141 of 219)16.02.2005 13:54:23
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