Business Planning and Business Plans (Action Plans)

Description

A business plan is a formal document that describes the conditions necessary for the growth and development of a business. Often, business plans complement strategic plans and outline the steps necessary to implement the organization’s strategy. To be effective, a business plan must outline detailed action plans with well-defined activities, owners, and metrics.

The business plan generally maps directly to the organization’s strategy and attempts to align the function, program, or business unit with the implementation of the strategic plan.

Business Planning Activities:

• Assess Organizational Strategy
• Operational Response (Key Jobs, Key Functions, Key Processes)
• Financial Analysis and Financial Projections
• Key Performance Measures and Targets

Time to Complete: 2-4 weeks