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business planning process


Proper Planning Prevents Poor Performance



We all know that planning is essential in order to achieve overall organisational and departmental goals, but many plans I see when dealing with management development are, quite frankly, not worth the cigarette packet they are written on.

So how do you make sure that, not only are your plans logical and well-defined, but also motivating and integral to the results you are trying to achieve?

Here are some strategic guidelines that will help you achieve those end goals that will make your planning effective and results-oriented:

1) Identify the overall objective. What exactly are you trying to achieve? What’s the end goal? Manage your goals like you would your sat nav; that is, set the overall destination first.

2) Carry out a SWOT analysis. Analyse the environment you will be working in, consider the strengths and weaknesses surrounding the project, identify the opportunities and threats and work on the resources that you have available to you.

3) Consider the strategies to achieve the end goals. The strategy should serve to complete the big picture by considering the opportunities that exist within the company. Think of the strategy as being the route that the sat nav comes up with.

4) Implement strategies properly. Evaluate and control people’s performances to achieve the goals. Communicate what needs to be done effectively and efficiently so that everyone is singing from the same song sheet.

5) Evaluate the results you have achieved. Are the results what you expected? What adjustments, if any, should be made for future projects?

Remember that your competitors will be working on new products, technological advancements will make current production processes obsolete, changing consumer trends will reduce demands for certain products and services, while building demand for others. So when you identify these ongoing changes, you will be able to make the necessary plans for changes in all areas of the business.

Many thanks

Mark Williams

Head of Training

MTD Training   | Image courtesy of Big Stock Photo

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The Business Planning Process

Believe it or not, having a plan of action is essential to the success of any business. It takes time to put together a formal business plan, but it’s well worth the effort. Before you can make a firm plan, you need to be able to answer the following questions about your business:

  • Where does our business stand right now?
  • How did we bring our business to this point?
  • Where would we like our business to be?
  • What do we need to do to move to the next level?
  • Are we moving towards our goals?

In order to answer these questions you’ll have to thoroughly analyse your organisation. You’ll need to consider both the internal and external environments, your business plan, mission statemetns, corporate objectives, and current strategies. Once you’ve done that you’ll be able to make new plans, but these new plans will also need to include strict methods for measuring, monitoring, and controlling your progress.

Formulating a strong business plan will allow you to properly analyse each situation as it arises. Yo’ull have the tools you need to determine which opportunities are appropriate for growth and which you should simply avoid. You’ll also learn how to avoid overanalysing your situation – a problem that may cause you to spend more time than is necessary on any given task.

I challenge you to think about your organisation right now. Can you answer all of the questions posed above without doing an extensive amount of research? How do you feel about your organisation right now?

Thanks again,


Sean McPheat

Managing Director

MTD Training   | Image courtesy of Big Stock Photo

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