Conducted Workshop on Designing Business Plan at Objective, Team & Funding level

Conducted Workshop on Designing Business Plan at Objective, Team & Funding level

Saturday, 6 January 2017
We conducted Workshop on Designing Business Plan at Objective, Team and Funding level. Objective of this workshop Signature Workshop Series is to impart skill of Designing Effective Business Plan.

This workshop focused on Designing Business Plan at Functional, Operational and Offerings level. Case Studies of Business Plan at varied levels like Entrepreneurs, Midsized Company, Multi-National Company (MNC), Government and Non Government Organization (NGO) level were discussed.
Templates for designing Business Plan at Functional, Operational and Offerings level were provided to the workshop participants.
It was discussed that the Business Plan will remain only on paper if you don’t integrate it to the functions in your organization. The typical functions are:

  1. Analytics
  2. Finance
  3. Human Resource
  4. Information Technology
  5. Learning & Development
  6. Manufacturing
  7. Operations
  8. Project Management
  9. Quality Control
  10. Sales & Marketing
  11. Sourcing
  12. Strategy

Just weaving functions with Functional level will not be enough. There is need to integrate Business Plan at Operational level also is important. The Functional view is a kind of top level view compared to Operational view which is at lower level. Operational level is kept separate from Functional level to understand the in-depth nature of the work to be done for effective Business Plan execution.

Your offerings are the vehicles of your output. If we don’t integrate the Business Plan with your offerings, we are not making any difference. Offerings are your Product and Services. Offerings are engines of your growth. If you have a wrong offering, your train of Business Plan can derail.

Some examples of designing your Business Plan at Functional level

  1. Sales & Marketing
  2. Project Management
  3. Finance
  4. Strategy
  5. Information Technology
  6. Human Resource
  7. Sourcing
  8. Optimizing Systems
  9. Strategy
  10. Traffic expertise
  11. Garbage recycling expertise
  12. Information Technology
  13. Analysis
  14. Team work
  15. Knowledge of funding channels

Some examples of designing your Business Plan at Operational level

  1. Research & sales
  2. Communication disciplines
  3. Approach
  4. Front & back end
  5. Phases
  6. Need analysis
  7. Cost analysis
  8. System analysis
  9. Strategy
  10. Identifying core problem
  11. Identifying alternatives
  12. Improvement areas & solutions available
  13. Scanning
  14. Identifying collaboration route
  15. Estimation & approach

Some examples of designing your Business Plan at Offerings level

  1. Make it easy to understand
  2. Quality
  3. Revenue optimization
  4. Premium
  5. Optimum performance
  6. Defect free
  7. Better pricing
  8. Better quality
  9. Revenue development
  10. Reduced risk
  11. Responsible living
  12. Quick turnaround
  13. Specific
  14. Efficient
  15. Economical

Checklist
Participants also created their own Business Plan checklist based on kind of mistakes they want to avoid.
Workshop ended with the Designing Effective Business Plan oath.

Designing Effective Business Plan oath

“I take oath to become professional in Business Planning from today. I will understand my specific objective, nature of team required and funding needs. I will document a Business Plan and will then execute it. I will use my personal check-list for continuously evolving my Business Plan. I will ask someone to review my Business Plan and will take the feedback positively. I will also help my colleagues in reviewing their Business Plan and will provide feedback. While providing feedback, I will appreciate the positives first and will then politely communicate areas of improvements. I will encourage my professional colleagues in a similar way the sports teammates encourage each other continuously.”

This oath is written by Sachin Bhide, PhD.

Regards,
Sachin Bhide

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