Effective Business Planning and Execution
Effective Business Planning and Execution, available at $69.99, has an average rating of 4, with 155 lectures, 7 quizzes, based on 126 reviews, and has 2457 subscribers.
You will learn about Preparing a Business Plan Performing Key Analyses Preparing for Implementation Understanding the Fundamentals Crafting a Business Strategy that Executes Linking Strategy to People and Operations Monitoring and Evaluating Initiatives This course is ideal for individuals who are Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plans or Anyone who wants to initiate the conditions, implement the strategies, and provide support for business execution in their organization It is particularly useful for Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plans or Anyone who wants to initiate the conditions, implement the strategies, and provide support for business execution in their organization.
Enroll now: Effective Business Planning and Execution
Summary
Title: Effective Business Planning and Execution
Price: $69.99
Average Rating: 4
Number of Lectures: 155
Number of Quizzes: 7
Number of Published Lectures: 155
Number of Published Quizzes: 7
Number of Curriculum Items: 167
Number of Published Curriculum Objects: 167
Original Price: $89.99
Quality Status: approved
Status: Live
What You Will Learn
- Preparing a Business Plan
- Performing Key Analyses
- Preparing for Implementation
- Understanding the Fundamentals
- Crafting a Business Strategy that Executes
- Linking Strategy to People and Operations
- Monitoring and Evaluating Initiatives
Who Should Attend
- Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plans
- Anyone who wants to initiate the conditions, implement the strategies, and provide support for business execution in their organization
Target Audiences
- Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plans
- Anyone who wants to initiate the conditions, implement the strategies, and provide support for business execution in their organization
Welcome to the Effective Business Planning and ExecutionProgram which includes the following topics: Preparing a Business Plan, Performing Key Analyses, Preparing for Implementation, Understanding the Fundamentals of Business Execution, Crafting a Business Strategy that Execute, Linking Strategy to People and Operations and Monitoring and Evaluating.
1. Business Planning
You will learn here how to preparea Business Plan, perform Key Analyses for Business Planning and how to Prepare the Implementation of a Business Plan.
Preparing a Business Plan
There are many important reasons to create a business plan. If your business is just starting out, business plans can help you attract investors. For new and established businesses alike, business plans map out how they’ll negotiate opportunities and challenges.
At a departmental level, business plans are developed to address medium-term planning needs and to secure approval and resources from senior management for new ideas and initiatives.
This course will help you develop your own business plan. It starts with an introduction to business plans that illustrates the benefits of business planning and describes the main elements of a plan.
It continues on to discuss the six preparatory steps you should take before developing a business plan and provide examples of each of these steps. And finally, it details how you can create your own plan by following a number of key guidelines.
Performing Key Analyses
Organizations have always had to plan for the future. Currently, however, the ability to develop and implement strategic plans is more important than ever. Managers need to look at the big picture to better understand what will and won’t work for their companies. They must determine where potential obstacles might exist, and how a proposed initiative – no matter how big or small – would support a company’s vision and objectives.
Say you want to plan your department’s future activities to support your organization’s strategic objectives. What would a good business plan look like? It should include a thorough review of the internal and external environment to determine how your idea fits in the business and market contexts.
An internal analysis examines your organization’s strengths and weaknesses. An external analysis tries to anticipate opportunities and threats in the political, economic, societal, and technological environment – for instance, a PEST analysis. You need to conduct internal and external analyses regularly. This will help promote creativity, uncover opportunities and challenges, and ensure a more effective review process.
This course looks at how to use internal and external analyses of your company to guide you in developing business plans. An internal analysis involves assessing your company’s market strategy and resources, evaluating organization and management strategy, and evaluating your organization’s financial position. You’ll then learn about the factors to consider when analyzing your external environment. This includes a PEST analysis and scenario planning. You’ll then learn how to conduct a SWOT analysis of your organization’s strengths, weaknesses, opportunities, and threats.
Preparing for Implementation
As a manager, you’ll probably need to create business plans from time to time. For example, you may want to set out the strategies your department will follow for the next 12 months.
Or you might need to develop a plan for a new product, service, or process. Although creating a successful business plan is a significant achievement, implementing it effectively is not without its challenges.
Implementing a business plan requires the development of action plans. It also involves assigning responsibility for carrying out the necessary actions to individual employees and departments.
You should review and evaluate the results achieved on an ongoing basis. If things go wrong and you don’t get the expected results, it’s important to be able to modify your plans and take corrective action to get back on track.
In this course, you’ll learn how to coordinate and manage all implementation-related activities in an effective way. You’ll discover how to develop action plans to help you implement your strategies and ideas.
And you’ll find out how to ensure your implementation efforts can be supported in your organization. You’ll also determine how to create a reporting system to help you monitor progress, how to control and modify your action plans, and how to assess the resulting outcomes.
After taking this course, you should be in a better position to implement your business plans effectively. This can help you achieve your own goals as a manager – as well as support your organization’s strategic objectives.
2. Business Execution
This course includes the following sections: Understanding the Fundamentals, Crafting a Business Strategy that Execute, Linking Strategy to People and Operations and Monitoring and Evaluating.
Understanding the Fundamentals
There is a substantial difference between strategy planning and execution. Creating strategy is a lot easier than executing it. You’ll learn about the cornerstones of effective business strategy execution – correct leadership behavior, having people in the right roles, and creating a culture of execution.
You’ll begin by reviewing the reasons why executing business strategy is difficult. First, you’ll become familiar with the drivers to strategy execution. Then you’ll review some common barriers to strategy execution.
You’ll also learn to recognize leadership behavior that’s conducive to delivering results. And you’ll determine if an organization – leaders, middle management, and the workforce – is displaying characteristics that support strategy execution and has people in the right roles.
Then you’ll learn what a culture of execution entails and the four steps to create a culture that promotes business execution. With this knowledge, you’ll be able to determine if your company meets the conditions that facilitate strategy execution.
Crafting a Business Strategy that Execute
The process used to execute strategy links strategy formulation and planning with operational execution.
First, you define and develop the strategy. Next, you align people and operations with the strategy. And finally, you monitor and revise the strategy. This course focuses on the first stage – defining and developing executable strategic plans.
This course will give you the tools you need to define and develop strategy that executes. You’ll learn how to define the strategy by clarifying the mission, vision, and values.
You’ll explore how to review the current situation and create strategy direction statements. Then you’ll find out how to select strategic initiatives based on themes and assign accountability to those initiatives.
Finally, you’ll learn how to translate initiatives into strategic targets and allocate resources to initiatives.
Linking Strategy to People and Operations
Without a focused plan, a business strategy will remain a vision. But by clearly defining what you want to achieve and developing strategically executable initiatives, you can bridge the gap between vision and execution.
In this course, you’ll learn the principles for communicating your organization’s strategy to help get your employees’ buy-in. You’ll also find out how to align people and work processes throughout your organization by translating high-level strategies into individual tasks.
Finally, you’ll discover how to analyze and develop the critical competencies that your employees need to execute your organization’s strategy. Following the guidelines in this course can help your organization communicate its strategy and get the support of its employees.
And by linking strategy to people and operations in your organization, you can improve your business execution to ensure your plan succeeds.
Monitoring and Evaluating
Monitoring and evaluating are not the same thing. Monitoring measures progress, checking whether the implementation is on track and aligns with your objectives. Evaluating your execution is about measuring success.
It allows you to adjust your plans and improve performance. Even the best- designed and best-implemented strategies can sometimes become obsolete as business circumstances change. It is essential, therefore, that strategy is systematically monitored and evaluated – and revised if required.
This course takes you through the steps involved in monitoring execution of your strategy. It then outlines the process for evaluating the results of your execution. Finally, you will learn how to effectively revise strategy once you have determined that change is needed.
That’s it! Now go ahead and hit that “Take this course!” button and see you on the inside!
Course Curriculum
Chapter 1: Effective Business Planning and Execution
Lecture 1: Program Overview
Lecture 2: Effective Learning
Lecture 3: FAQs
Chapter 2: Preparing a Business Plan
Lecture 1: Section Overview
Lecture 2: Business Plans
Lecture 3: Business plan benefits
Lecture 4: The Science of Better Learning
Lecture 5: Elements of business plans
Lecture 6: Organizing Your Thoughts
Lecture 7: Preparing to Develop Your Business Plan
Lecture 8: Defining your mission
Lecture 9: Doing research
Lecture 10: Establishing goals
Lecture 11: Identifying strategies
Lecture 12: Assessing resources and risks
Lecture 13: Creating Your Business Plan
Lecture 14: The parts of a business plan
Lecture 15: Preparing to Develop Your Business Plan
Lecture 16: Creating a Business Plan
Lecture 17: Business plan review
Lecture 18: Business plan guidelines
Lecture 19: Business Plan Guidelines
Lecture 20: Preparing a Business Plan
Chapter 3: Performing Key Analyses
Lecture 1: Section Overview
Lecture 2: Using an Internal Analysis to Guide Business Planning
Lecture 3: Benefits of business plans
Lecture 4: Conducting an internal analysis
Lecture 5: Market strategy
Lecture 6: Resources
Lecture 7: Organization and management strategy
Lecture 8: Financial position
Lecture 9: Conducting an Internal Analysis
Lecture 10: An Internal Analysis
Lecture 11: Analyzing the External Environment
Lecture 12: External analysis – PEST
Lecture 13: External analysis – scenario planning
Lecture 14: Examining the External Environment
Lecture 15: Market analysis – customer groups
Lecture 16: Market analysis – competitors
Lecture 17: Market analysis – industry
Lecture 18: Market Analysis
Lecture 19: Identifying Opportunities and Challenges
Lecture 20: What is a SWOT?
Lecture 21: Conducting a SWOT analysis
Lecture 22: Using a SWOT for your business plan
Lecture 23: Blazerfire's SWOT
Lecture 24: Performing Key Analyses
Chapter 4: Preparing for Implementation
Lecture 1: Section Overview
Lecture 2: Coordinating the Implementation of a Business Plan
Lecture 3: Implementing a business plan
Lecture 4: Facing challenges
Lecture 5: Benefits of effective implementation
Lecture 6: Coordinating the process
Lecture 7: Coordinating Implementation Activities
Lecture 8: Action Planning to Support Business Plan Implementation
Lecture 9: Action plans
Lecture 10: Content of action plans
Lecture 11: Action planning steps 1 to 3
Lecture 12: Action planning steps 4 to 7
Lecture 13: Supporting implementation
Lecture 14: Implementing a Business Plan
Lecture 15: Measuring and Controlling Business Plan Implementation
Lecture 16: Creating a reporting system
Lecture 17: Developing control procedures
Lecture 18: Modifying plans
Lecture 19: Plan-modification process
Lecture 20: Preparing for Implementation
Chapter 5: Business Execution: Understanding the Fundamentals
Lecture 1: Section Overview
Lecture 2: Why is Execution so Difficult?
Lecture 3: Drivers to strategy execution
Lecture 4: Difficulties in strategy execution
Lecture 5: Strategy Execution Assessment
Lecture 6: Leadership, Workforce, and Execution
Lecture 7: Leadership behavior
Lecture 8: Steve's Leadership Characteristics
Lecture 9: The leadership role
Lecture 10: National Bank Strategy Execution
Lecture 11: Middle management responsibilities
Lecture 12: Workforce execution support
Lecture 13: Roles and Responsibilities
Lecture 14: Organizational Culture and Execution
Lecture 15: Culture of execution
Lecture 16: Provide vision and impetus
Lecture 17: Nationwide Department Store Culture of Execution
Lecture 18: Education and socializing
Lecture 19: Communicate and reward
Lecture 20: Creating a Culture of Execution
Lecture 21: The Workforce and Strategy Execution
Lecture 22: Corporate Culture and Strategy Execution
Lecture 23: Strategy Execution Difficulties
Instructors
-
Sorin Dumitrascu
Management trainer
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 4 votes
- 3 stars: 4 votes
- 4 stars: 7 votes
- 5 stars: 111 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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