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Business Plan Stages

Many managers are involved in creating business plans in their organizations. A business plan outlines a set of business goals and how those goals can be achieved. Once a business plan has been created and communicated, it needs to be implemented. It also needs to be continuously reviewed and controlled to ensure it’s being carried out effectively.

The planning, implementation, and subsequent control phases of a business plan shouldn’t be regarded as separate functions that operate independently. Instead they should be integrated into the organisation’s overall activities and viewed as part of a continuous strategic process.

From Planning to Implementation to Control

The planning stage is the first part of the process. At this stage, you develop your business plan. The plan should clearly state what needs to be accomplished. It should also provide general information about how this should be done.

Implementation is the next stage of the process. At this stage, you put the plan into action. This involves devising and managing action plans and establishing accountability among employees. You also need to ensure resources are available and aligned with the plan’s goals and objectives in order to successfully realize the plan.

No matter how well a plan is constructed, it needs to be reviewed from time to time. At the third stage of the process — the control stage — you assess how effectively the plan is being implemented. This allows you to measure the performance of employees and modify and enhance your action plan if necessary.

When you establish a direct link from planning to implementation to control, you’ll be able to implement your business plan more successfully.

Implementing a Business Plan Effectively

As a manager, you’ll be able to gain real benefits by implementing your business plans successfully. For one thing, you’ll be able to introduce your strategies and ideas smoothly, causing a minimum amount of disruption to your employees. Your team can then focus on making the necessary changes and on reconciling new and emerging strategies with existing ones.

By implementing a business plan effectively, you overcome the reasons why many plans fail. Typical reasons include employee resistance due to pessimism, skepticism, or a general unwillingness to do things differently. Inadequate resources, IT constraints, and poor communication are other reasons why plans fail.

When you successfully implement an idea or strategy, it’s likely that you’ll gain credibility among your employees.

Successfully implementing a business plan may also make you feel more confident as a manager. And your organization as a whole can benefit too. Through the implementation process, employees will have acquired more knowledge and experience, meaning the company is better positioned to adapt to future changes.