The Average Yearly Weight Gain For 2 Years And Older Corporate Planning

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Corporate Planning

The business plan is a term that describes a way of working or management, an attitude, which uses a systematic and integrated approach in all aspects of the company’s work. The idea is to treat the company as a whole company rather than a collection of branches. Take the business for the long term, not the short term. The company is studied with a clear definition of its operational goals in the past, present and future world.

Business planning is defined by Drucker as “a continuous process of making business decisions systematically and with the best possible knowledge of the future, systematically organizing the necessary efforts by making those decisions and measuring results against expectations through systematic feedback..”

In a study of hundreds of international companies, the reasons why these companies introduced a corporate plan were;

• efficient scaling;

• equitable distribution of resources;

• improved planning and anticipation of technological change;

• increase profitability and growth rate.

Although annual profits are important, they are a short-term factor in business planning. Labor force and new product development are examples of factors that affect the long-term viability of an organization. Better results can be obtained from companies that use business planning methods. In fact, adopting the right management style for working in an environment of change is the key to the successful implementation of the company’s plan.

Management systems and procedures in all types of companies such as banks, local governments and industry need to be reformed to give more importance to strategic considerations. The competition may not be in products or markets, but through confrontations with government and social pressure groups related to matters such as pollution, safety and welfare. .

It is therefore necessary for the company to plan to deal with social and political changes. It requires good thinking in establishing social, political and planning objectives to ensure the acquisition of social and political acceptance of the company’s ideas. The idea behind it is the strategic problem of adapting the organization to its environment and this often means fundamental changes in management and organizational structure.

The entire industry in which the company operates should be considered such as supply and demand factors, possible future trends and new opportunities, threats or problems. A comparison of the company’s performance with that of its competitors should be made. Trends in the economic and political spheres should be considered as well as government control of mergers. We should then identify some important factors that seem likely to improve the company’s position.

The final assessment will cover specific areas and their challenges and opportunities:

• research and development necessary for new product needs and product improvements;

• resources needed to ensure the availability of workers in the desired quantity and quality;

• sales and marketing that reflects the importance of the marketing policy, market share, potential for quality, product design and pricing, sales mix;

• production that is necessary to ensure that there is enough production capacity and other equipment and production costs are acceptable.

From the above analysis, the possibility of restructuring, merger, diversification, etc. can be considered.

The most important thing is to integrate the plans from different areas of a company to connect the working plans to create a plan for the whole company. A business plan, however, is more than just a tie-in with an operational plan; can be considered as the way the system works to achieve the company’s goals over a period of time. An interesting account of the various strategies that can be adopted and the classification of opportunities and risks provided in product management by Peter Drucker.

He highlighted two major strategies that must be decided:

(a) Decide what opportunities the company is willing to take and what risks it can accept and accept:

b) Decide on scope and structure and the right balance between classification, differentiation and integration.

His categorization of opportunities (additions, complements and advances) and risks is an interesting and practical guide to help develop strategies. A large company found for the first time in such an investigation that 75 percent of its profits came from one product and that this market was slowly shrinking. Many other important factors may come from such an analysis such as underutilization of financial assets.

The final point in this regard is the measurement of ‘synergy’ which is often described as ‘assessing strengths and weaknesses’. The concept of synergy can best be explained using the following example. For example, if the return on investment of the entire company is the return on the existing activity plus the new activity, there is no synergy (2+2=4). But if the new activity uses the existing resources, the return to the whole company will be greater than the average of the new and existing activities (2+2=5).

Planning ranges from broad, long-term plans, which top executives are concerned with, to day-to-day operational planning, which lower-level managers experience in the association. As the amount of innovation in a period increases, the time available to develop new products decreases. But the design and testing of new products still requires it; still have to spend on promotion and marketing and money, because the life of a product is reduced, the profit will be reduced. Long-range planning (LRP) allows managers to anticipate problems and take measures to eliminate them before they arise and can help establish a more unified approach to various aspects of the project. ‘the problem. The plan, however, must clearly state who the manager is responsible for and what the outcome will be, that is, it must manage with specific objectives.

The length of the plan varies by industry. The more fortunate can plan a few years in advance, like the auto industry. Others may only plan six months in advance such as the fashion industry. Different aspects of the plan will cover different periods such as a loan to pay certain expenses can be fixed a year in advance while a plan for a new car covers four years in advance. The LRP of course includes the short term plan (SRP) which for convenience is assumed to cover one year. The freedom to change the SRP is limited and may be divided into monthly commitments. It is important to realize that the assumptions made in the LRP must be defined and any changes to them carefully considered.

Business planning is a simple and logical way of managing a business, which is complete or covers all the activities of the organization. Everyone is responsible for the intended results. Corporate planning is a management tool to guide the company towards agreed goals. Business planning can be said to include long-term planning and management of goals and has evolved in its position since its inception in the United States in the 1950s.

The position of the business coordinator in an organization can indicate the status of the activity. People often have the role of staff, advising management; he generally reports to someone higher up, sometimes the chief executive. He is responsible for:

• organization of distribution;

• prepare an agreed planning framework;

• ensure that all responsibilities are known and that everyone is meeting agreed standards;

• acting on behalf of the chief executive in preparing, coordinating and monitoring the company’s plans;

• prepare progress reports.

His specific responsibilities include the following:

• examine growth opportunities and develop goals and strategies to exploit growth;

• keep up with business trends and developments in management techniques.

However, the company’s plan also faces limitations:

• responsible only to their own employees;

• Advise the chief executive on activities related to the company’s plans.

There are many advertisements for business plans and the requirements often include a degree with a good knowledge of mathematics, statistics and management techniques. In addition, he must have at least eight years of experience in business, or more than one industry and a personality that is recognized by the majority of people. Their responsibilities include setting up and maintaining systems; the company’s plan does not plan the system; if they do, it will cause many problems.

source: http://en.articlesgratuits.com/corporate-planning-id1432.php

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