Business Planning Process
description
Transcript of Business Planning Process
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BUSINESS PLANNING PROCESS
Presented by
Aditya Kumar Dixit
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Contents
Introduction• What is business plan?• Why a business plan
How to prepare a business plan?• Who prepares a business plan?• Steps in planning process
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Business model innovation
Reinvent your business before its too late.
New business models
What is it that only I can do?
Why a CEO plays the most crucial role?
References
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What is business plan?
A business plan is a comprehensive written description of the business of an enterprise.
Its main purpose is to present future of an enterprise.
It is a crucial element in any application for funding.
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Why a business plan ?
Getting an integrated view of business.
Mutual understanding within the management team.
Determining financial needs and applying for fund.
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Approval from board of director
Informing lender
Informing partner
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Who reads business plan?
Commercial Banks
Private investment
fund
Development fund
Multilateral development
channel
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Who prepares a business plan?
CEO Marketing and sales manager
Development and production
managers
Financial manager
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Steps in business planning
Assessing the situation
Developing a mission
Getting ready Setting goal
Working out the business
plan
Setting employee objective
Monitoring the process
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WINNING BUSINESS MODEL
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Is it aligned with company goals?
Is it self reinforcing?
Is it robust?
3 Characteristics of a Good Business Model
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Business Model
• Policies• Assets&Governan
ceChoices
• Flexible• RigidConsequences
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Key Resources
Customer value
proposition
Key Processes
Profit Formula
Building of Business Model
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EMERGING MARKETS
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Study what customers are doing with the product
Look at the alternatives to your offerings that consumers buy
Watch for compensating behaviours
Search for explanation
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What is that only I can do?Manage Yourself
Manage Your Network
Manage Your Team
Be clear on How You’re Doing
What can you do right now?
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How to make most of your strategy ?
State Your Intent
Try Again – This Time in Context
Set Your Measures
Define the Tasks
Define the Boundaries
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THE CEO’S ROLE IN BUSINESS MODEL REINNVENTION A forward looking CEO must do three things ,
manage the present , selectively forget the past, and create the future
Today’s biggest problem faced by organization’s is that many companies become to focused on executing today’s business model and forget that business model’s are perishable .
Success today does not guarantee success tomorrow
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If organizational memory is not tame, it gets in the way of creation . Before you can create, you must forget.
This is very important from the prospective of the organization to progress
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Some of the Best Ceo’sWarren Buffet (Berkshire Hathaway)Steve Jobs (Apple Inc)Jeff Bezos (Amazon Inc)Indira Nooyi (Pepsi Co)Raj Gupta (Rohm and Haas Co)James Skinner (McDonalds)Mark V. Hurd (Hewlett Packard)Michael T. Duke (Wal-Mart Stores)Michael Saul Dell (CEO Dell Inc.)Harry Stonecipher (Former CEO of Boeing)
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References
Harvard Business Review South Asia edition January-February 2011 .
www.consultingnetwork.co.in
www.bulletproofbizplans.com
www.smallbusinessnotes.com
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THANKS