Business Planning Models

Business Planning Models-27
For example, a government business enterprise (GBE) or public service agency may be required by legislation to follow a particular approach to strategic planning, or as it is still sometimes called in the public sector ‘corporate planning’.Organizational health The state of organizational health may influence the strategic planning approach.Organizational purpose The strategic planning approach used may also be influenced by whether or not an organisation is a for-profit business or a non-profit organisation.

For example, a government business enterprise (GBE) or public service agency may be required by legislation to follow a particular approach to strategic planning, or as it is still sometimes called in the public sector ‘corporate planning’.Organizational health The state of organizational health may influence the strategic planning approach.Organizational purpose The strategic planning approach used may also be influenced by whether or not an organisation is a for-profit business or a non-profit organisation.

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The small and very entrepreneurial start-up organisation may be so driven by an almost missionary zeal, by the focus on a particular market, application of a new invention, or similar passion, that no special formal effort at strategic planning is required.

As an organisation grows it reaches a threshold where it needs to introduce more professional management practices, and one of these probably should be formal strategic planning.

There may well be conditions in which no strategic planning framework is currently relevant or useful.

Under the following circumstances In other conditions you can choose planning process models using the following key criteria.

When a brief major upheaval is in prospect, then the quality of attention needed for strategic planning may be in short supply, and should be deferred.

Stage of development of the organization Where an organizational is in its life cycle may be important in the choice of strategic planning.A corporate planning model is an integrated business planning model in which marketing and production models are linked to the financial model.More specifically, a corporate model is a description, explanation, and interrelation of the functional areas of a firm (accounting, finance, marketing, production, and others) expressed in terms of a set of mathematical and logical relationships so as to produce a variety of reports including financial statements. It may be true that no single formal strategic planning model will suit all organisations in all circumstances.However, a very few formal procedures can be the basis of a small number of models of strategic planning, to suit a large number of organisations in most circumstances.This is due primarily to development of planning and modeling software packages that make it possible to develop the model without much knowledge of computer coding or programming.For the accountant and financial analyst, the attractive features of corporate modeling are the formulation of budgets, budgetary planning and control, and financial analyses that can be used to support management decision making.Some creative organisations in the arts area for example may reject anything that seems excessively formal, rationalistic, or bureaucratic in nature.Selecting you strategic planning framework needs to take these things into account.When a company is going bust, the focus should be on immediate rescue or winding up processes, not long range performance improvement through strategic planning.Any organization run by an autocrat would be wasting everyone's time by engaging on elaborate participative processes.

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