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"Having the plan alone is not sufficient. Chapter 1 indicated that there are four reasons why companieswith a business plan in hand fail to execute their plan:1. The plan doesn't account for roadblocks (issues) in the way of successful plan implementation.2. The plan is too limited in scope.3. There is no management process in place to support plan implementation.4. The plan action items lackpriority.It should now be clear how the three-step planning process addresses each of these four roadblocks:Page 1601. You developed the issues facing your company and approaches to addressing them in Chapters 4 and5 and included them in your Major Issues and Approaches for Resolution document for later use indeveloping your business plan.2. The business plan you developed in Chapters 7 and 8 is broad in scope, containing both strategy(vision statement, mission statement, and five-year goals) and tactics (annual objectives and an actionplan).3. A management process for successfully implementing your plan is presented in Chapter 9, and planmanagementsupport systems are presented in Chapter 10.4. The methodology for ensuring that you effectively deal with the plan's action items is described inChapter 9, as well.As discussed in Chapter 10, the only remaining roadblock to successfully implementing the plan youhave just developed may be how committed you are to undertaking the task ahead: implementing yourbusiness plan. Recall that planning is a process and not just the development of a document.Incorporating this process into your company's operation and making it the basis for your topmanagementdecision making will set the stage for your future growth and profitability. You and, ifapplicable, your management team must make the commitment to spend the time to address the"important but not urgent" activity of implementing your business plan.Review of the Book's ObjectivesChapter 1 presented three objectives:1. Provide you with an understanding of effective business planning and plan implementation techniquesfile:///C|/Documents and Settings/gasanova/Local Setti...orward_MBA_in_Business_Planning_for_Growth/e-book.html (172 of 219)16.02.2005 13:54:23
Philip Walcoff - "The Fast Forward MBA in Business Planning for Growth"2. Have you develop a documented business plan for yourenterprise3. Prepare you to conduct a planning session in your company or organization in order to involve andenroll others in the planPage 161In regard to the first objective, the first three parts of the book are devoted to gaining an understandingof effective business planning. Part 4 focuses on plan-implementation techniques. The three-stepplanning process presented in this book is unique. It includes activities to reduce the barriers tosuccessful implementation through incorporating actions in the plan to address the issues or roadblockspresent in your organization. It also encompasses both strategic and tactical elements to ensure that itadequately defines a road map to success and puts in place the vehicle for getting on the road. Andfinally, it includes a management process for monitoring your progress towards the plan'simplementation and incorporating the necessary planning actions into your day-to-day activities.You accomplished the second objective of developing a documented business plan by completing the43 exercises presented in Parts 2 through 4. This undertaking resulted in developing your company'svision statement, mission statement, five-year goals, annual objectives, and action plan—your businessplan.The third objective of preparing you to conduct your own planning session was presented in Chapter 11.The planning session's invitation list, logistics, and agenda were described along with suggestions forpreparation for the session.In ClosingI sincerely hope you believe that these three objectives I set out for you to achieve have in fact beenaccomplished. The true test is that you are glad you did not put this book back on the shelf as Isuggested you might in the preface. I am interested in your reaction to this book and am prepared torespond to any questions or suggestions you may have. Please feel free to contact me at the followingaddress:file:///C|/Documents and Settings/gasanova/Local Setti...orward_MBA_in_Business_Planning_for_Growth/e-book.html (173 of 219)16.02.2005 13:54:23
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Philip Walcoff - "The Fast Forward MBA in Business Planning for ...

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