|
Business Plan
Formulation and Implementation Guidance
Fine Enterprises, Inc.
specializes in the facilitation of the strategic planning process and
providing implementation guidance. Please note that while feedback and recommendations
can be provided throughout the process, facilitation means that senior management
will dictate the strategic course that the client company should take.
Fine Enterprises, Inc. oftentimes assists the process further by
providing relevant models, conducting market and industry research, and
compiling financial projections. The resulting highly professional strategic and tactical business plan can be
used for a variety of purposes as outlined below.
Business Plan Uses
Some business plan uses
follow:
-
Providing a thoughtful process for considering orgainzational plans
carefully so that the firm is more likely to make prudent decisions
-
For
senior management, the business plan can be utilized to provide a
unified direction, and as a roadmap to execute tasks and track
progress towards stated organization goals
|
Business
Plan Uses continued...
Business
plans can also be used
-
to
acquire financing to take advantage of strategic growth
opportunities,
-
to
provide banking sources with assurances regarding firm commitments,
-
to
model potential acquisitions and divestitures and their impacts on
the company,
-
to
provide information to shareholders (whom are not active in the
day-to-day business) that helps them to better understand the
company's strategic directives,
-
to
provide customers whom are strategically linked to the company'
product or service supply with assurances regarding firm
commitments,
-
to
provide strategic suppliers whom are investing and risking resources
on behalf of the company with assurance of its forward looking
commitments,
-
to
assist a newly appointed business leader with a tool for
understanding and managing the business, and
-
to
assist an established business leader with a tool to acquire
performance feedback, to introduce a fresh perspective to the
executive team, and to facilitate constructive change
|
The
Business Planning Process
The five phases of the
business planning process follow:
-
Information discovery for purposes of educating the plan
facilitator, and providing senior management with critically
relevant feedback before the planning process begins
-
Strategic planning meetings with senior management
-
Tactical departmental planning meetings (depending on company size)
with departmental leadership in which strategic initiatives are
discussed, implementation alternatives are evaluated, and plans for
implementation are documented
-
Translation of tactical planning meeting outcomes into comprehensive
Gantt charts and financial projections (with executive level
assistance)
-
Compilation of a preliminary business plan for review and edit by
the senior team in preparation for the final iteration
A
Successful Planning Process Must be Inclusive
A business planning
process that is inclusive (includes input from individuals from across
the organization) can provide critically relevant information to the
planning process, and is more likely to be accepted and enthusiastically
implemented.
|