BUSINESS PLAN - Management Science II Dr.T.J.Kamalanabhan...

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Management Science II Dr.T.J.Kamalanabhan Indian Institute of Technology Madras MODULE 7 Business Plan A business plan is a statement depicting the nature and objectives of business and the ways of achieving them. Benefits Business planning states clearly the basic goals and essential policies of the business. Business plan provides a sound organizational structure. Business plan provides the requisite motivation for successful operations Requisites Of A Business Plan Business plans quantifies the targets for the enterprise. A business plan considers all aspects requisite of incorporating and running an enterprise. Business plans communicates the ideas and goals across all functions effectively. Business plans are holistic. Steps In Preparing a Business Plan Conduct a SWOT Analysis Conduct an Environmental Analysis Conduct a Market Research Prepare Financial Forecasts
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Management Science II Dr.T.J.Kamalanabhan Indian Institute of Technology Madras Identify Sources of Finance Develop Business Strategies Outline Of A Business Plan-Prolouge: Name of the business Official address of the business Ownership pattern of the business Names and addresses of the owners Nature of the business Outline of A Business Plan-Executive Summary: Vision and Mission statements Summary of the operation plan Summary of the marketing plan Summary of the Financial plan highlighting the sources of finance Outline of a Business Plan-Business Objective: Vision statement Mission Statement Business Goals Vision statement A vision statement gives the direction of the business and is intended to evoke emotional feeling among the members of the business.
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Management Science II Dr.T.J.Kamalanabhan Indian Institute of Technology Madras Mission statement A mission statement defines the purpose of the business. This outlines the future course of action for the business. TCS To help customers achieve their business objectives by providing innovative, best-in-class consulting, IT solutions and services. Make it a joy for all stakeholders to work with us. TCS
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Management Science II Dr.T.J.Kamalanabhan Indian Institute of Technology Madras Business goals Business goals are targets set by the business team for a future time duration. Outline Of A Business Plan
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BUSINESS PLAN - Management Science II Dr.T.J.Kamalanabhan...

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