Business planning process powerpoint images

The ability to think and act strategically is critical for organizations. One method that organizations use to demonstrate strategic thinking and plan for the future is an annual business planning session, which can be an instrumental tool in directing an organization, communicating goals and providing a road map so that individuals know how their day-to-day activities affect the organization. However, the success of this session depends, in part, on the process and methodology. Ideally, organizations will initiate the process of business planning throughout the organization.

Business planning process powerpoint images

Identify the "product" the roadmap focuses on Identify needs This critical step is to get the participants to identify and agree on the common product needs.

This is important to get their acceptance.

business planning process powerpoint images

Use Scenario-based planning If there is major uncertainty about the common product needs, then scenario-based planning can be used. Each scenario must be reasonable, internally consistent and comparable with the other scenarios.

State needs These are the needs for the product. Identify the critical system requirements and their targets Define critical system requirements The critical system requirements provide the overall framework for the roadmap and are high-level dimensions the technologies relate to. These include things like reliability and costs.

Define targets For each of the system requirements targets must be defined. Specify the major technology areas Transform requirements into technology oriented drivers The major technology areas should be specified to help achieve the critical system requirements for the product.

The critical system requirements are then transformed into technology drivers for the specific technology areas. Specify the technology drivers and their targets Select technology alternatives with their targets Technology drivers and their targets are set based on the critical system requirement targets.

It specifies how viable technology alternatives must be to perform by a certain date. From the available technology alternatives a selection must be made. Identify technology alternatives and their timelines Identify alternatives and their timelines The technology alternatives that can satisfy the targets must be identified.

Next to this the timeline from each alternative must be identified. Recommend the technology alternatives that should be pursued Select subset of technology alternatives must pursued Determine which technology alternative to pursue and when to shift to a different technology.

Consolidate the best information and develop consensus from many experts. Create the technology roadmap report Create the report Here the actual technology roadmap report is created. Follow-up activity phase[ edit ] This is the moment when the roadmap must be critiqued, validated and hopefully accepted by the group involved in any implementation.

This requires a plan developed using the technology roadmap. Next, there must be a periodical review and update point, because needs from the participants and the technologies evolve.

The fast-start approach to roadmapping[ edit ] Given the potential complexity and organisational inertia surrounding the creation of roadmaps, researchers at the University of Cambridge [10] focused on developing a fast-start approach to roadmapping.

The approach as well as its counterpart for innovation and strategy roadmapping, S-Plan is flexible and scalable, and therefore can be easily customised for efficient application.

The process of technology roadmapping fits into corporate strategycorporate strategic planningtechnology planning and the business development context. Three critical elements should be connected: Knowledge and skills required[ edit ] Consultant with skills[ edit ] Creating a technology roadmap requires certain knowledge and skills.

Some of the participants must know the purpose of technology roadmapping. Next to this group-process and interpersonal skills are required since the process includes a lot of discussions and finding out what the common need is.

If the number of participants is really large there might be need for a consultant or facilitator. Purpose[ edit ] Product planning in roadmapping[ edit ] This is the most common type of a technology roadmap: Programme planning[ edit ] This type is more directed to the implementation of strategy and related to project planning.

Figure 5 shows the relationships between technology development phases, programme phases and milestones. Formats[ edit ] Bars: Almost all the roadmaps are partly expressed in bars for each layer.

This makes the roadmaps very simple and unified, which makes the communication and integration easier. A technology roadmap can also be expressed as a graph, usually one for each of the sub layers.

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1 From traditional budget planning to zero-based budgeting (Relevant to PBE Paper II: Management Accounting and Finance) Dr Fong Chun Cheong, Steve, School of Business, Macao Polytechnic Institute.

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Planning Function of Management