Developing and Implementing the Business Plan
Overview:
Introduction:
This training program focuses on equipping participants with the knowledge and skills necessary to develop and implement effective business plans. Through a combination of theoretical learning and practical exercises, participants learn to analyze market dynamics, set strategic goals, and execute plans for organizational growth.
Program Objectives:
At the end of this program, the participants will be able to:
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Explain the importance of a well thought-out business plan for the success of the organization.
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Describe the structure of a business plan and how it caters to market and organizational needs.
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Apply the business plan development process to create a well-structured, convincing business plan covering all vital elements.
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Develop a business plan that includes a detailed, practical and effective implementation strategy.
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Evaluate the progress of the implementation of the business plan and take necessary corrective steps.
Targeted Audience:
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Department heads.
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Senior managers.
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Managers and supervisors.
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Project managers.
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Team leaders.
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Sales managers.
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Marketing managers.
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Entrepreneurs who would like to develop their business planning skills.
Program Outlines:
Unit 1:
Understanding the business plan:
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Definition of a business plan.
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Types of business plans.
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Benefits of a business plan.
Unit 2:
Business plan overview:
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Components of a business plan.
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The process behind the business plan.
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The importance of the business plan to a firm’s value chain.
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Securing the buy-in from stakeholders.
Unit 3:
Developing the business plan:
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Mapping vision, mission and values.
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Conducting a situation analysis.
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Setting goals, objectives, and business strategies.
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Developing tactics, programs and action plans.
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Forecasting, pricing and applying breakeven analysis.
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Sourcing, allocating and scheduling.
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Understanding basic financial concepts:
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The income statement.
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The balance sheet.
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Cash-flow analysis.
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Program Budgets.
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Writing the executive summary.
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Creating appendices and references.
Unit4:
Implementing the business plan:
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The communication phase:
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Job assignments.
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Reporting structure.
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Knowledge base.
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The controlling phase:
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Dealing with deviations.
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Causes analysis.
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Providing constructive feedback.
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Corrective actions and adjustments.
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The corrections phase:
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Goal revisions and expectations.
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Scheduling challenges.
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Budget adjustments and additional financial support requests.
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Resources demands and constraints.
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Staying away from common business plan mistakes.
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Concluding the business plan.
Unit 5:
Reporting on the progress of the business plan:
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Types of reports.
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The recipients .
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The information.
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The quality.
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The frequency.