Training, Programs & Development
SMT-S3 - Business Planning
Both direction and destination are critically important for organizational success. As the rate of change within the operating environment increases, following yesterday’s procedures becomes risky. An organization must continuously formulate and implement new strategies.
This seminar is structured to introduce the various elements required for successfully preparing a business plan. The flow of the seminar will begin by addressing the purpose and scope of business planning and thereafter incorporating its interrelation to supply chain and financial management requirements.
Presenter: Janet Dean
Upon completion of this seminar participants should be able to:
- Define strategy.
- List and describe the role of strategy relative to the organizational hierarchy and alignment through the hierarchy.
- Discuss two models used to describe business level strategy.
- List and describe the steps within strategy formulation including situational analysis tools such as SWOT (strength, weakness, opportunities and threats) and Porter’s 5.
- Identify the critical success factors of the implementation plan, including financial budgeting.
- Describe supply management’s role within the strategic process.