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

Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"Page 130the first steps toward implementing the issue responses. Again, each action item shows what's going tobe accomplished in the nearterm, who's responsible for doing it, and the action item's completion date.These examples of action items stemming from the selected responses provide an indication of how youwill develop your own set of action items to address your own issues.What Your Action Plan AchievesYour action plan puts you on the road toward achieving your annual objectives and addressing theissues your company is facing. These nearterm activities clearly identify who's responsible forachieving certain results in a specified timeframe. This last element of your business plan is highlycritical and must be vigorously acted on by the entire management team.End PointWith the development of the tactical elements of your business plan (your annual objectives and actionplan), you have now completed the first two steps of the planning process—defining your issues anddeveloping your plan. The final step is to manage the plan you have just completed. Part 4 describes theprocess you should incorporate in the running of your business to ensure that you appropriately manageyour business plan to success.Page 131PART 4—MANAGE THE PLANLots of folks confuse bad management with destiny.—Ken HubbardThis part describes Step 3 of the planning process—managing the plan. Three chapters provide youwith an effective approach to managing your business plan to success.file:///C|/Documents and Settings/gasanova/Local Setti...orward_MBA_in_Business_Planning_for_Growth/e-book.html (147 of 219)16.02.2005 13:54:23