Further Details
BUSINESS PLANNING - Making Logical, Rational & Consistent Resource Allocation Recommendations
By the end of the workshop participants will be able to:
Understand the importance of Business Planning and learn a leading edge business planning process
Analyse and prioritise local data identifying and integrating local environmental factors causing change
Assess the company’s competitive position
Develop action plans focused on the most important local market opportunities and risks and company’s advantages and disadvantages (MORCAD)
Forecast your future sales and profits with increased accuracy
Workshop Overview:
Introduction and Objectives
understand what business planning is and is not
identify the shortcomings of traditional SWOT analysis
introduce the latest business planning process
Analyse the Current Marketplace
assess the current market situation using industry standard tools
e.g. Boston Matrices; Porters Analysis; STEP
develop factual conclusions
Conduct an Environmental Analysis
identify likely future changes in the market place and local operating
environment
assess the likely impact of these changes
Identify the Market Opportunities and Risks
maximise and capitalise on the most important Market Opportunities
minimise the identified Risks
Complete a Competitive Position Audit
identify sources of competitive advantage
assess the Company’s advantages and disadvantages
prioritise the company’s training needs
MORCAD Analysis
visually represent the current situation
Objective Setting
identify the Critical Success Factors
develop SMART, output-focused objectives
improve the accuracy of sales forecasting
Devise Relevant Action Plans
construct resource and tactical action plans to achieve the company’s
strategic aims and business objectives
Assessing Return On Investment
analyse the financial return on investment of achieving specific objectives
complete the profit & loss / contribution account
Monitor and Control the Plan Implementation
highlight the required monitoring and control tools
identifying the optimal review periods
Guide price
£725 |
