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    Ict Power

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    hailu alemu
    This document discusses plans to improve business performance. It defines planning and different types of planning such as strategic planning. Strategic planning matches an organization's resources with market opportunities over the long run. Business planning is concerned with setting direction, implementing plans, and considering alternatives. Benefits of business planning include helping set clear objectives and integrate plans. Performance is measured by results achieved. Performance improvement involves modifying processes to increase output, efficiency, and effectiveness. Factors like clear expectations, feedback, motivation, and skills affect performance. Business performance is measured to balance priorities like profit, growth, and constituencies. Communication, decision making, conflict handling, and developing self-motivation can improve performance. Benefit-cost analysis involves establishing objectives, alternatives

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    Ict Power

    Uploaded by

    hailu alemu
    20 views11 pages
    This document discusses plans to improve business performance. It defines planning and different types of planning such as strategic planning. Strategic planning matches an organization's resources with market opportunities over the long run. Business planning is concerned with setting direction, implementing plans, and considering alternatives. Benefits of business planning include helping set clear objectives and integrate plans. Performance is measured by results achieved. Performance improvement involves modifying processes to increase output, efficiency, and effectiveness. Factors like clear expectations, feedback, motivation, and skills affect performance. Business performance is measured to balance priorities like profit, growth, and constituencies. Communication, decision making, conflict handling, and developing self-motivation can improve performance. Benefit-cost analysis involves establishing objectives, alternatives

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    This document discusses plans to improve business performance. It defines planning and different types of planning such as strategic planning. Strategic planning matches an organization's resources with market opportunities over the long run. Business planning is concerned with setting direction, implementing plans, and considering alternatives. Benefits of business planning include helping set clear objectives and integrate plans. Performance is measured by results achieved. Performance improvement involves modifying processes to increase output, efficiency, and effectiveness. Factors like clear expectations, feedback, motivation, and skills affect performance. Business performance is measured to balance priorities like profit, growth, and constituencies. Communication, decision making, conflict handling, and developing self-motivation can improve performance. Benefit-cost analysis involves establishing objectives, alternatives

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    20 views11 pages

    Ict Power

    Uploaded by

    hailu alemu
    This document discusses plans to improve business performance. It defines planning and different types of planning such as strategic planning. Strategic planning matches an organization's resources with market opportunities over the long run. Business planning is concerned with setting direction, implementing plans, and considering alternatives. Benefits of business planning include helping set clear objectives and integrate plans. Performance is measured by results achieved. Performance improvement involves modifying processes to increase output, efficiency, and effectiveness. Factors like clear expectations, feedback, motivation, and skills affect performance. Business performance is measured to balance priorities like profit, growth, and constituencies. Communication, decision making, conflict handling, and developing self-motivation can improve performance. Benefit-cost analysis involves establishing objectives, alternatives

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    Group one(1)

    LO3
    Develop plans to improve
    business performance
    LO3 Develop plans to improve business
    performance
    Business planning is strategic planning because it
    is concerned mainly with the designing of
    business
    What is planning?
    Planning is deciding now what we are going to
    later including when and how we are going to do
    it.
    The scope of planning activities may cover long
    or short period of time/range.
    Long Term/Range Planning/Strategic Plan
    Strategic plan is a plan that matches an organization’s
    resources with its market opportunity, over the long-run.
    Long-range strategy is designed to provide information
    about an organization’s vision, mission, direction and
    objectives.
    The Business Planning Is Concerned With:
    1. The direction in which the company should move,
    2. The implementation of the plan for the subsequent
    period, &
    3. The alternatives which are to be sacrificed, if the plan
    is accepted and implemented
    The benefits of business planning include
    1. Helps the company to formulate and achieve
    objectives and goals clearly.
    2. Aims at the long-range plan rather than short-range
    plan.
    3. Integrates the company plan with the national
    plans and priorities
    4. Helps to see both the internal and external
    environmental factors.
    5. Contributes for the achievement of high rate of
    profits.
    6. Helps to determine potential growth and profit.
    Proactive Planning & Strategic Management
    Proactive means anticipating events such
    as problems, markets trends, and consumer
    demands and planning ahead for them
    Strategic management is a stream of
    decisions and actions which leads to the
    development of an effective strategy or
    strategies to help achieve corporate
    objectives.
    Performance defined
    Performance is a measure of the results achieved.
     Performance efficiency is the ratio between effort
    expended and results achieved.
    Performance improvement is the concept of measuring
    the output of a particular process or procedure, then
    modifying the process or procedure to
     increase the output,
     increase efficiency, or increase the effectiveness

    of the process or procedure.


    Factors That Affect Performance
    Certain factors need to be in place for workers
    to be able to perform well on their jobs:
    I. Clear job expectations
    II. Clear and immediate performance feedback
    III. Motivation and incentives to perform as
    expected
    IV. Skills and knowledge required for the job.
    Why Measure Business Performance?
    business performance measurement as a tool to
    balance five major tensions within a firm:
    1. Balancing profit, growth and control
    2. Balancing short term results against long-term
    capabilities and growth opportunities
    3. Balancing performance expectations of
    different constituencies
    4. Balancing opportunities and attention
    5.Balancing the motives of human behavior
    How to Improve Business Performance
    1. .Communicate with accuracy and clarity
    2..Make accurate decisions based on a logical
    assess.
    3..Handle conflict within the team
    4..Handle "poor performance" issues
    5..Develop self motivation and self confidence
    6..Develop high a degree of motivation and
    confidence in others
    Major Steps in the Benefit-Cost Analysis Process
    1. Establish objectives
    2. Identify constraints and specify assumptions
    3. Define base case and identify alternatives
    4. Set analysis period
    5. Define level of effort for screening alternatives
    6. Analyze traffic effects
    7. Estimate benefits and costs relative to base case
    8. Evaluate risk
    9. Compare net benefits and rank alternatives
    10. Make recommendations
    Thanks
    To Lessing

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