Friday, July 18, 2008

Short Business Action Plans - Do They Work?

Short Business Action Plans - Do They Work?

If your are a smaller business or department (of a larger organization), I encourage you to utilize the power of business action plans.

Why? Well breaking a large annual business plan format down into bite size chunks makes it much easier to implement. Team morale tends to fuse together when there is common purpose towards determined action.

I favour using this format for 90 day periods.

Short action over 90 days is much easier to implement than long annual plans.
Although mentioned in many business text books it appear around 50% of all businesses have no plan and fly along "on the seat of their pants".

I have found through experience that the result in term of profit and revenue suffer over time for those businesses without short or long term planning.
Message and their is evidence of this, a plan is better than no plan.

Even better, consider breaking long term plans down into various 90 day business action plans. If you are a larger business consider having 1 business action plan of 90 days duration for each main area. Therefore you may end up with 3 or 4 plans (dependant of how many divisions or departments).

Small teams working on smaller plans every 90 days is a recipe for business success. Consider this the next time you update your business action plans.

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