0
Most people think business planning starts with a business plan - but actually starting the business plan should only commence after quite a lot of preparation beforehand.
My view of the business planning process is something like this (of course it's different for different people in different situations...)
- Vague idea for a product or business
- Decision not to let it drift off but to consider it as a real possibility
- Passive research - letting the idea 'settle' in your mind, chatting to friends and noting anything you can compare it against that you come across
- Initial judgment - if still interested leads to
- Initial active research - which should lead to a pretty big list of questions
- Initial research on questions raised
- Secondary judgment on the idea - if the idea is still viable it leads to:
- Tertiary research - following up any issues raised during 7. above
- Tertiary judgment - deciding whether the idea is good enough to start business planning - if the idea is strong enough then start the business plan document
- First draft of the business plan ... etc
Most people think business planning starts with a business plan - but actually starting the business plan should only commence after quite a lot of preparation beforehand.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Where can a company go to hire a person to help with the business planning process?
A company may hire a person to help with the business planning process by contacting a business consulting form. The company may also choose to search job listings for a qualified Business Analyst.
How do you overcome limitations of planning?
Build flexibilty into business planning to overcome rigidity by way of periodic reviewsUse small teams and simple planning process to reduce cost of planning
How do you integrate business process with technology?
ERP (Enterprise Resource Planning) Software helps in integrating Business Processes with Technology.
Briiefly explain types of planning?
The process of making plans for something. Types of planning depends on the field of interest. In business planning can be several types like strategic planning, marketing planning, sales planning and so on. Planning is what you do to achieve a goal or overcome a situation or design a way for the future.
Advantages and disadvantages of human resource planning?
One advantage to human resource planning is that it helps place the right employee in the right position. A disadvantage is the fact that it is an ongoing process. The business will always work at fine tuning their process.
Where can a company go to hire a person to help with the business planning process?
A company may hire a person to help with the business planning process by contacting a business consulting form. The company may also choose to search job listings for a qualified Business Analyst.
How do you overcome limitations of planning?
Build flexibilty into business planning to overcome rigidity by way of periodic reviewsUse small teams and simple planning process to reduce cost of planning
What are the characteristics of a production planning?
Production planning is the administrating process within a manufacturing business. The characteristics of a production planning involve having the staff, raw materials, and other items needed to run the manufacturing business.
How do you integrate business process with technology?
ERP (Enterprise Resource Planning) Software helps in integrating Business Processes with Technology.
What elements of the career development planning process involves the assessment of both the employee and the business organization?
Direction
Which of these elements of the career development planning process involves the assessment of both the employee and the business organization?
direction
What is business managemnt?
Business management is the process of organising,planning,control and leading in the business environment. It need the management to have business skills of how to lead a business and qualified for a job. such as having a degree in management or Bcom,
Why must e-business consider strategic planning to be a cyclical process?
It allows business decision makers to evaluate and react to the success of past decisions.
Briiefly explain types of planning?
The process of making plans for something. Types of planning depends on the field of interest. In business planning can be several types like strategic planning, marketing planning, sales planning and so on. Planning is what you do to achieve a goal or overcome a situation or design a way for the future.
Which elements of the career development planning process involves the assessment of both the employee and business organization?
Career time
Advantages and disadvantages of human resource planning?
One advantage to human resource planning is that it helps place the right employee in the right position. A disadvantage is the fact that it is an ongoing process. The business will always work at fine tuning their process.
What has the author George C Sawyer written?
George C. Sawyer has written: 'Business and society' -- subject(s): Industries, Social aspects, Social aspects of Industries 'Corporate planning as a creative process' -- subject(s): Business planning
