In the lecture of Business planning, roughly I get an idea of how important the business planning it is and the reason why firms do it. However, there is a famous Chinese saying that changes often leave plans behind. And many entrepreneurs and administrators are embracers and go along with this opinion. However, it is correct to have a business planning, which is an instruction for employees acquaint themselves to the working environment.
And I absolutely agree with Amar Bhidé’s opinion that business planning at early stages have questionable value, but a bit of afterthought might not hurt. Any business planning is goal-oriented, and the goal is defined by the administrator or entrepreneur, which is the guideline and standard for the business planning and its following actions. If there is a misunderstanding or imperfect planning of the goal, the business plan will result in problems. Personally, I think the business planning is changeable that should adapt to the situation how does the firm perform in the process. The persistent business planning will make the company run worse or even bankruptcy.
There are three key words in the business planning,that is, customer focus, growing market and generate income. As we can see that customers are easy to lose than keeping. It is important for the company to do research of demography regularly because there is fluidity among customers, customers you are having might not the most profitable group. And, market is changing fast, thousands of organizations are created and die every year. Those failed firms have problem with the market definitely. Fixed or sustained business plan is not seasoned with the market. What’s more, in order to generate income, any firm faces risks and rewards. Be prepared to change course and make it pass through.
Okay, go back to the topic, it is important to check and change the contents of business planning. As a matured administrator or entrepreneur, their business planning is totally different compared with 2 years ago. Change business planning is a good habit and one of the surviving methods to continue business.
And I absolutely agree with Amar Bhidé’s opinion that business planning at early stages have questionable value, but a bit of afterthought might not hurt. Any business planning is goal-oriented, and the goal is defined by the administrator or entrepreneur, which is the guideline and standard for the business planning and its following actions. If there is a misunderstanding or imperfect planning of the goal, the business plan will result in problems. Personally, I think the business planning is changeable that should adapt to the situation how does the firm perform in the process. The persistent business planning will make the company run worse or even bankruptcy.
There are three key words in the business planning,that is, customer focus, growing market and generate income. As we can see that customers are easy to lose than keeping. It is important for the company to do research of demography regularly because there is fluidity among customers, customers you are having might not the most profitable group. And, market is changing fast, thousands of organizations are created and die every year. Those failed firms have problem with the market definitely. Fixed or sustained business plan is not seasoned with the market. What’s more, in order to generate income, any firm faces risks and rewards. Be prepared to change course and make it pass through.
Okay, go back to the topic, it is important to check and change the contents of business planning. As a matured administrator or entrepreneur, their business planning is totally different compared with 2 years ago. Change business planning is a good habit and one of the surviving methods to continue business.
1 comment:
So good......
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