Business planning activities

To help run the company more efficiently, the company owner puts together policies and programs that address basic business activities.

Business planning activities

In order to understand what business information systems should aim at, it is essential to understand the activities involved in the managerial process.

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Planning refers to determination of future course of action to achieve desired goals. It means deciding in advance what to do, how to do it, when to do it and who is to do it. It offsets business planning activities and impact of changes in the environment.

Proper planning can help a manager meet the challenges of environmental changes effectively. Plans are drawn focusing on objectives. It fills up the gap between what is the state of affairs today and what is the desired state of affairs in the business for future.

The plans at the lower levels of managerial hierarchy have to be within the limits of the overall plans of the managers at the top of the organisation. Different types of plans are drawn at different levels of management. Plans act as foundations of management.

Other managerial activities are determined by plans. The huge investments and high degree of risks in new projects make it imperative for a manager to plan in advance and try to remove as much uncertainty as possible.

Availability of better and more reliable models for anticipating the future and reducing the uncertainty has also added to increased planning activity. A planning process involves the following steps: This involves assessment of strengths and weaknesses of the environment in and outside the business organisation.

This involves identification of strengths and weaknesses of the business enterprise in terms of products, markets, processes, technologies, personnel, etc. It may be noted that each of the above steps in the planning process requires a lot of information regarding the internal and external environment in which the plans have to operate.

The planning process involves anticipation and forecasting.

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This requires information regarding the internal and external factors that are likely to influence the future state of affairs. Use of simulation, artificial intelligence techniques, neural networks, fuzzy logic, etc.

Organizing relates to the people, tasks and technology. Since these factors differ from organisation to organisation, there is no typical organisational design that would be suitable for all organisations.

The organisation structure has to be designed according to the specific requirements and conditions of the organisation. As the people, tasks and technology are subject to dynamics of environment, the organisations are restructured in the light of changing business environment.

business planning activities

Organisation structures and information systems are closely related to each other. If the organisation structure is the body of the business enterprise, information system is its nervous system. The performance measurement schemes must match the flow of information and the organisation structure.

For example, the advancements in data base technologies and use of distributed information systems are having their own impact on the way organisation structures are designed today. Conversely, if the organisation structure changes, the information system must also change in order to cope up with the new realities of business processes.

For example, in one organisation, the changes in organisation structures warranted by the increased competition necessitated redesigning of the information systems to offer not only information to managers with regard to the events in the enterprise but also the expertise in the business process.

The information system that holds a part of the knowledge base of the enterprise can be of great help in handling situations that are new to a particular manager. Staffing is the process of manning the organisation structure. A manager should ensure that the right type of people fill up the positions in the organisation structure.

Staffing involves selection, appraisal and development of personnel in the organisation. The common mistake that a manager commits is to ignore the staffing activity, leaving it to personnel department.

The staffing activity is too important to be routinised in the personnel department. With the increasing interdependence of various functions, appraisal of staff is becoming more complex.

These techniques can be applied with the help of IT infrastructure.

The advancement in multimedia technologies can help in automation of training and development systems.Articles filed under business planning and activities. Difference Between Similar Terms and Objects. Business Planning for Nonprofits Printer-friendly version Business planning is a way of answering, “What problem(s) are we trying to solve?” or “What are we trying to achieve?” but also, “Who will get us there, by when, and how much money and other resources, will it take?”.

Western Economic Diversification Canada and the Ministry of Small Business and Economic Development are pleased to publish Business Planning and Financial Forecasting: A Guide for Business Start-Up. The business plan is the product, but the planning process is more important.

Business Planning for Nonprofits | National Council of Nonprofits

Planning, tracking, reviewing and setting goals, and executing on the plan, are the foundation of running your business. Please review the instructions below.

BUSINESS PLAN BUSINESS PLAN 1. Provide complete answers Find Study Resources You are invited to complete a business plan activity.

Please review the instructions below. BUSINESS PLAN BUSINESS PLAN 1. You are invited to complete a business plan activity. The business plan is designed to help you.

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