Business the plan as strategic object of the company
Дипломная работа - Менеджмент
Другие дипломы по предмету Менеджмент
- means to fulfill all work tasks inside and outside the bank. It is necessary for transformation a business project from the business plan stage into a real production stage. It is necessary to create a real schedule for various stages of project implementation. Such schedule should initially identify the various stages of implementation and duration of each stage. The implementation plan should contain a timetable for uniting the various stages of implementation in a coherent framework for action. This detailed schedule must cover the entire investment phase, including the period of decision on investment to the initial stage of production and the continued functioning of the project. It is very important to prepare the implementation phase of the business plan as well as deviations from the original data, that can put in danger the entire business plan. Implementation schedule should reflect the costs of the project and the final cash resources in order to determine the appropriate inflow of funds required for financing. For different stages of implementation of business projects require differing periods of time. It depends on the circumstances prevailing in the country, the specific nature of the plan and special requirements for organizations implementing a specific business plan. Between the decision making moment on investment and the actual launching, considerable time passes by. This period includes the following basic steps:
Appointment of the team that will implement the business project;
Foundation of the bank;
Finance planning;
Finance design;
The acquisition and transfer of technology;
Basic engineering;
Selection of contractors, consultants and suppliers;
Preparation of application documents;
Display of the proposals;
Offer product price;
Offer assessment;
Negotiations and contract signings;
Detailed engineering;
Purchase of the land;
Construction works;
Equipment installation;
Purchase of raw materials;
Pre-production marketing;
Training and job appointment;
Start a business project and production.the realization of business plan of the bank there may be involved both local and foreign parties. In some cases, the implementation period can be so long that these business plans become an outdated and will need a revision. It is necessary that data on costs have been dated and documented so that it was fashionable to continuously monitor the prices as a method of forecasting, as well as by collecting real information. Comparing the actual data accumulated during the implementation phase, with the data presented in the study stage, we can determine the impact of any exceedings of the costs of liquidity, financial requirements and the overall profitability of the business project of the bank
Figure 2. Business plan realization scheme
Planning the business plan of the bank and budgeting include the following main tasks:
) identification the type of work tasks inside and outside the firm that are necessary for project implementation;
) determining the logical sequence of events in the business objectives;
) preparation of implementation the schedule, which determines the workers' problems, adjusting the time necessary to complete each individual task;
) determine the resources needed to complete individual tasks, and identifying the relevant costs;
) preparation of budget implementation and the flow of funds to provide financing throughout the phases of implementation and operation of the business project;
) documentation of all data implementation, allowing to adjust plans and budget implementation, as well as projections made at the time of preparing a business plan.
.4 Sequential decision and early implementation stages of projects
the process of business planning in the bank a final decision about the beginning of project implementation is delayed until the approval of business plans by management. This is explained by the fact that some decisions can not be taken until the moment by which the essence of the project would be clarified. Such approach is not always acceptable. In this case, slightly different way can be used. It contains the fact that in the end of each module it becomes clear the necessity to act independently from the findings at a later stage. For example, after analyzing the prospects it becomes clear that the ability of the bank to observe the external environment is insufficient. At the end of the competitiveness analysis it may occur that the bank has no future in some traditional segments, and therefore it is necessary to stop investing in these areas in order to avoid further losses. In such cases, the rearrangement of action, which ultimately must still be taken, will give nothing. Hence, the corresponding program must begin at the end of each module. This offers the whole row of advantages.
) Dispersal decisions over time provides a uniform workload of senior executives of the bank, removes the overload, the accompanying decision-making in the usual manner.
) Early beginnings of the programs similarly can disperse the load associated with the implementation, and provides an early completion of the process changes.
) The implementation, which occurs during parallel planning, provides continued feedback on the additional justification of planning decisions and their assumptions.
) Early beginning of implementation develops and improves the capacity of making strategic decisions about implementation, which will follow at the end of the planning process.
) The possibility of an earlier decision making enables managers to control the duration of the change process, confirming it with the decision.
CHAPTER 3. PROBLEMS OF BUSINESS PLAN AND THEIR SOLUTIONS
3.1. Widely spread mistakes and ways for their improvement
is nothing perfect in this world. From described above, it is already known, that for effective creation and leading business, companies need bright and detailed business plan. By the way, while constructing such kind of document, many mistakes can be admitted. The business plan can make or break an idea. If vital pieces are mislaid or handled poorly, investors will quickly move on to the next potential entrepreneur. By adhering to time-tested principles and avoiding common mistakes, business owners can earn the second look that may lead to the funding they need.great amount of explored information helped me to reveal several major pitfalls and Ive generated effective tips, how to avoid them. These tips are effective not only for credit institutions, but also for all types of business: developing and developed, small, medium and large, etc.
.Creation of a vision.. Sometimes, when people create business, they are too enthusiastic, they are eager to start business planning as faster as it is possible, they dive into the details of business: evaluating products, studying market segments and sizing up competition. Yet it's possible to get so caught up in the process of planning a business that they lose sight of what theyre planning for.. Before getting lost in the details, there is a great necessity to take a step back. Outline a clear vision and a coherent set of values for company. Develop a mission statement and use it to define short-term goals and priorities.
.A budget isn't the same thing as a plan.. It is impossible create a solid business plan without a budget and a financial forecast. But a budget should be the product of all the other elements in the plan.. In order to get actual data and numbers, that will reflect to the reality, there is a need to achieve a clear picture of the industry, customers, competitors and market conditions before the development of a budget.
.Customers - essential part of every business.. This may sound obvious, but too many entrepreneurs assume they know exactly what their customers need without bothering to ask. Still, analyzing the customer situation of different not very successful companies, it became evident, that issue connected with entrepreneurs blindness becomes a relevant pitfall, that lead to certain losses of the company.. Customers - is the driving force of any company. They bring profit. The only possible way to earn customer preference and loyalty -is to conduct various surveys, open questionnaires, interviews in order to learn about customers, and build business plan around their needs and desires.
. Competition. Most of the companies underestimate the power of competition. Some of them suppose, that their firm will be the only game in town, another just fail to take existing competitors seriously, for such companies it is going to bea real trouble.. Actually, it is very useful and helpful to look after competitors, because usually they can be a great source of information about what works and what doesn't. With the help of competitors it is possible to avoid many drawbacks and earn positive moments for the company.
. Taking risks. The commonly spread problem - misunderstanding the role of business plan in the risks sphere. Creating a business plan isn't about avoiding risk; it's about understanding and managing risk.. That's why a good business plan anticipates possible challenges and includes a variety of scenarios for meeting those challenges. There's a difference between a calculated risk and recklessness, a