Effective Planning - New Approaches for the New Era of Rapid Change

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Sustainable Growth:

Effective Management

Effective Planning

The Art, Science, and Practice

by Vadim Kotelnikov & Ten3 East-West

"Men don't plan to fail, they fail to plan" - William J Siegel

Steps in the Planning Process

Adapted from "Powerful Planning Skills", by Peter Capezio

Define the overall purpose or goal
Determine the major components or objectives of the plan
Make sure that your objectives support the overall purpose
Collect and evaluate the data you will need to determine what it will take to complete each component of the plan
Make sure that the data you collected and evaluated supports the overall purpose
Develop a forecast plan
Make sure that your forecast plan supports the overall purpose
Determine action steps
Make sure that your action steps support the overall purpose
Develop contingency plans
Make sure that your contingency plans support the overall purpose
Implement your plan
Make sure that your implementation supports the overall purpose
Check the progress of your plan frequently
Make sure as your plan is implemented that the overall purpose remains in focus

Related Chapters of the Business e-Coach:

Enterprise Strategy

Strategic Planning

Strategic Planning

In the new business environment of rapid changes, heightened risk and uncertainty, developing effective strategies is critical. They prepare executives to face the strategic uncertainties ahead and serve as the focal point for creative thinking about a company's vision and direction.

Many companies get little value from their annual strategic-planning process however. To meet the new challenges, this process should be redesigned to support real-time strategy making and to encourage 'creative accidents'... More

Business Plan

Business plans are an important test of clarity of thinking and clarity of the the business. It is important that everyone involved in your effort has a clear understanding of your objectives. A good plan achieves that.

Business plan is typically designed for either or both of the following purposes:

To establish a framework for management to use as they pursue the enterprise objectives
To convince an investor that a capital investment in the enterprise's business is a sound financial decision...More

Venture Planning

Operations generate today's value, while ventures creates tomorrow's opportunities. The primary difference between operations planning and venture planning is uncertainty. There are four keys to good venture planning:

Focus on one venture at a time in one business area at a time.
Discover the opportunity first, and then evaluate how to exploit it.
Develop three cases good, bad & likely for each scenario of a venture concept.
Identify what type of venture you want. Each type has an entirely different model, implementation and end result. Each demands a different entrepreneurial approach and each requires different management and style... More