Business Planning Practical Strategies for Organizational Success

Business Planning Practical Strategies for Organizational Success

 :Program Objectives

By the end of this course participants will be able to:

1. Understand the core elements of a business plan
2. Apply an effective business planning model and process
3. Develop a clear strategic vision
4. Identify and analyze external and internal influencers
5. Use scenario planning and business forecasting
6. Set goals and Course Outcomes
7. Develop practical strategies for markets, people and processes
8. Document and communicate the business action plan
9. Obtain support and resources for the business plan
10. Monitor business performance

:Course Outline

Foundation Concepts:

• The importance of business planning for organizational success
• The elements of a business plan
• A practical business planning model and process
• Organizing for business planning
• Identifying and engaging stakeholders
• Defining your focus and key success factors

Analyzing the Business:

• The five strategic questions
• Gathering the right information
• Analyzing the competitive domain
• Analyzing the internal and external environment
• Identifying drivers for change
• Scenario planning and business forecasting
• Practical business analysis work

Formulating Business Strategy:

• Developing a vision and mission statement
• Strategic positing and strategic options
• Competitive strategy   cost leadership versus product differentiation
• Practical product and service strategies
• Practical business process strategies

• Practical people and organization design

Implementing Business Plans   Making Change Happen:

• Linking action to strategy the action planning process
• Selecting performance measures and setting objective
• How to write and communicate action plans that achieves results 
• Aligning products and services to meet the strategic vision
• Designing processes and allocating resources to achieve strategic Course Outcomes

Monitoring, Evaluation and Control:

• Monitoring business performance
• Maximizing opportunities and cutting losses 
• Taking corrective action
• Creative problem solving
• Analyzing success, failures and lessons learned
• Improving your business planning process

Who Should Attend? 

This workshop has been designed primarily for recently-appointed directors (and those aspiring to a board position), although there are clear benefits to having the entire board take part.