Developing and Implementing the Business Plan


15 - 19 Jul, 2024



Why Attend?

Developing and Implementing the Business Plan

course-obj_img Course Objectives

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    By the end of the course, participants will be able to:

    • Explain the importance of a well thought-out business plan for the success of the organization
    • Describe the structure of a business plan and how it caters to market and organizational needs
    • Apply the business plan development process to create a well-structured, convincing business plan covering all vital elements
    • Develop a business plan that includes a detailed, practical and effective implementation strategy
    • Evaluate the progress of the implementation of the business plan and take necessary corrective steps

course-obj_img Target Audience

Department heads, senior managers, managers and supervisors, project managers, team leaders, sales managers, marketing managers, entrepreneurs and others who would like to develop their business planning skills.

  • Understanding the business plan
    • Definition of a business plan
    • Types of business plans
    • Benefits of a business plan
  • Business plan overview
    • Components of a business plan
    • The process behind the business plan
    • The importance of the business plan to a firm’s value chain
    • Securing the buy-in from stakeholders
  • Developing the business plan
    • Mapping vision, mission and values
    • Conducting a situation analysis
    • Setting goals, objectives, and business strategies
    • Developing tactics, programs and action plans
    • Forecasting, pricing and applying breakeven analysis
    • Sourcing, allocating and scheduling
    • Understanding basic financial concepts
      • The income statement
      • The balance sheet
      • Cash-flow analysis
      • Program Budgets
    • Writing the executive summary
    • Creating appendices and references
  • Implementing the business plan
    • The communication phase
      • Job assignments
      • Reporting structure
      • Knowledge base
    • The controlling phase
      • Dealing with deviations
      • Causes analysis
      • Providing constructive feedback
      • Corrective actions and adjustments
    • The corrections phase
      • Goal revisions and expectations
      • Scheduling challenges
      • Budget adjustments and additional financial support requests
      • Resources demands and constraints
    • Staying away from common business plan mistakes
    • Concluding the business plan
  • Reporting on the progress of the business plan
    • Types of reports
    • The recipients
    • The information
    • The quality
    • The frequency

2024 - Course Type & Date

DATE: 15 - 19 Jul, 2024

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