Business Planning Manual By Jorge Cuyugan Alexander
A successful Strategic Planning process should: • Describe the organization’s mission, vision and fundamental values • Target potential business arenas and explore each market for emerging threats and opportunities • Understand the current and future priorities of targeted customer segments • Analyze the company’s strengths and weaknesses relative to competitors and determine which elements of the value chain the company should make vs. Buy • Identify and evaluate alternative strategies • Develop an advantageous business model that will profitably differentiate the company from its competitors • Define stakeholder expectations and establish clear and compelling objectives for the business • Prepare programs, policies and plans to implement the strategy • Establish supportive organizational structures, decision processes, information and control systems, and hiring and training systems • Allocate resources to develop critical capabilities • Plan for and respond to contingencies or environmental changes • Monitor performance. RELATED TOPICS HOW BAIN CAN HELP • • • • Companies use Strategic Planning to: • Change the direction and performance of a business • Encourage fact-based discussions of politically sensitive issues • Create a common framework for decision making in the organization • Set a proper context for budget decisions and performance evaluations • Train managers to develop better information to make better decisions • Increase confidence in the business’s direction Selected references Collis, Daniel J., and Michael G. “Can You Say What Your Strategy Is?” Harvard Business Review, April 2008, pp. Drucker, Peter F.
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The Eagle is a 2011 epic historical drama film set in Roman Britain directed by Kevin Macdonald, and starring Channing Tatum, Jamie Bell and Donald Sutherland. New Acquisition S/Y 2011-2012 N o. A business planning manual: a project feasibility; Cuyugan, Jorge H. / Bright Concepts.
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