While planning is conducted on a regular and
formal basis, many organizations do not communicate these plans throughout
their business due to their confidential nature. However, the business is
expected to achieve these plans, even though they have not been
communicated. Enterprise planning allows a more collaborative approach to
the production and setting of organizations business objectives. Managers at
various levels in the organization are involved in the planning process thus
engendering an ethos of ownership and buy-in from those individuals targeted
with achieving the planned objectives.1
from Jack Welch
of Winning in Business
donít need to wrap themselves in complexity and all that clutter that passes
for sophistication in business. Self-confident
plans, speak simply, and propose big clear targets...
Jack Welch's 5 Strategic Questions
Articulate Your Vision
In the new business environment of rapid
changes, heightened risk and uncertainty, developing
strategies is critical. They prepare executives to face the strategic
uncertainties ahead and serve as the focal point for
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'...
Strategy: 2 Logics
Blue Ocean vs. Red Ocean Strategy
Business plans are an important test of clarity of thinking and clarity of
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
Operations generate today's value,
ventures creates tomorrow's opportunities. The primary difference
between operations planning and venture planning is uncertainty. There
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
and 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
approach and each requires different management and style..