Understanding Business Needs Training
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Understanding Business Needs Training Course
Introduction:
Business planning provides how successful staff develop and implement strategies and action plans that achieve the goals and objectives of their enterprise. Effective business planning links the enterprise’s internal capability with the opportunities and threats it faces in a continuously changing environment. This program provides a practical framework and a set of techniques for developing, communicating, and implementing business plans. The application of this framework will result in business plans that focus on achieving breakthrough improvements in business performance.
Course Objectives:
By the end of the Understanding Business Needs Training Course, you will be able to :
- Understand the core elements of a business plan
- Apply an effective business planning model and process
- Develop a clear strategic vision
- Identify and analyze external and internal influencers
- Use scenario planning and business forecasting
- Set goals and objectives
- Develop practical strategies for markets, people, and processes
- Document and communicate the business action plan
- Obtain support and resources for the business plan
Who Should Attend?
Business unit heads, business strategists, developers of business plans, analysts, and researchers supporting the development of business plans, are all people required to contribute to and implement business plans.
Course Outlines:
Foundation Concepts
- The importance of business planning for organizational success
- The elements of a business plan
- A practical business planning model and process
- Organizing for business planning
- Identifying and engaging stakeholders
- Defining your focus and key success factors
- Practical work using a case study
Analyzing the Business
- The five strategic questions
- Gathering the right information
- Analyzing the competitive domain - the four Cs
- Analyzing the internal and external environment
- Identifying drivers for change
- Scenario planning and business forecasting
- Practical business analysis work
Formulating Business Strategy
- Developing a vision and mission statement
- Strategic posting and strategic options
- Competitive strategy - cost leadership versus product differentiation
- Practical product and service strategies
- Practical business process strategies
- Practical people and organization design
Implementing Business Plans - Making Change Happen
- Linking action to strategy - the action planning process
- Selecting performance measures and setting the objective
- How to write and communicate action plans that achieve results
- Aligning products and services to meet the strategic vision
- Designing processes and allocating resources to achieve strategic objectives
Monitoring, Evaluation, and Control
- Monitoring business performance
- Maximizing opportunities and cutting losses
- Taking corrective action
- Creative problem solving
- Analyzing success, failures, and lessons learned
- Improving your business planning process
