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Business Set UP

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Business Set UP

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  1. How Planning is the key to a Successful Business? A popular Management Quote says “You will never go where you want to if you don’t have the right map! True, Indeed! If you are not clear where you want to go, what you want to do, what your goals are and how you are going to achieve it, the probability of your business succeeding is very low. In any Business Lifecycle, Planning is the crucial key that opens up plethora of options for the business to establish itself, sustain and eventually, succeed. In this article, we will analyze how Planning helps you set your priorities, provide clarity of the work you do and facilitates decision making.

  2. “Failing to Plan is Planning to Fail!” Planning helps Managers or Businesses to think beyond the everyday toil of Business. So, it is vital that the first step of any Business, new or established, is exhaustive Planning. Ideally, Planning Process has the following six steps.

  3. Identify Organizational Objectives This is the focal point that defines what the business is established for. It is imperative to get this straight, these objectives are the visin of the business and short term and long term goals have to be set to establish them.

  4. Creating Strategies to achieve Goals Strategy is defined any step taken to achieve your goal. This is the stage where you list out how you are going to establish your objectives and identify many different ways to establish the goals.

  5. List alternatives to reach Objectives This is the crucial step which creates a strong backup for the Business or Organisations. An exhaustive list of ways to reach objectives based on the Business’s strength, weakness, opportunities and threat. A detailed analysis of what would happen if each alternative or strategy is implemented has to be done.

  6. Choose the Best Strategy Based on the previous step, evaluate the best option to be implemented and choose the best strategy to be implemented.

  7. Develop Action Plans to reach Objectives Create Action Plans to implement the chosen strategies. Creating a time bound action, with division of work and allocating budget is a part of the Action Plan.

  8. Kick Start the Action Plan This is the “Go-Live” stage when the action plans are implemented.The above roadmap gives a clear and detailed explanation of how planning plays an instrumental role in any business right from step one of establishing the business and paves way for its success.

  9. For detailed information contact at: Al Manara Tower, 1605, 16th Floor, Business Bay, Post Box 118587, Dubai, United Arab Emirates. Tel: (+971) 4 370 5787 | Fax:(+971) 4 3573750 | Mob: (+971) 50 4216994Email:info@axiom-mark.com Website: http://axiom-mark.com/

  10. Thank You

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