Planning Stage Detail Additional Comments Formulation Benefits, Differentiation, Questions How do you successfully pull together the structure for your plan? Adaptation Social, Economic, Legal, Technological How do you categorize your ideas and apply them to the marketplace? Concentration Goals, Research How do you apply the goals of your plan into actionable steps? Implementation Financials, Responsibility, Timeline How are you going to fund your plan? Evaluation Change Management What changes will you make in the plan? Why?
The Planning Process • Planning Process Exercise – Groups of 2-5 people (or individually) – Formulate an idea for a business plan – Adapt the ideas to five environmental scan components – Concentrate on developing goals and a strategy – Put together the steps to implement your plan – 2-4 pages, DS, Word Doc – Submit as directed
The Planning Process Definitions
The Planning Process • Chapter Summary & Study Guide – Understand and define each of the four key elements that make-up the business planning process – Scan : What is the best way to deploy a scan for your plan? – Goals : How do I create goals for my plan? – Strategy : How does strategy work with SWOT analysis? – Internet : Do I have to include the Internet in my planning? Why or why not? (If so, how do I accomplish this?)
- Fall '08
- Business, Management, Bernard Gibson