Business Planning Flashcards
What are the different types of business plan?
- Strategic
- Operational
What is a strategic business plan?
It looks at a firm’s plans for the future, what the goals are, and how they are going to achieve them
What is an operational business plan?
It looks at setting out steps for the team to take in order to work towards the overall strategic goals of the firm
What would you include in a business plan?
- Executive summary
- Products and services you will deliver
- Market analysis (SWOT & PESTLE)
- Managerial techniques/approach
- Financial planning (estimate of P&L)
- Budget
What is a SWOT analysis?
It is a planning tool that looks at internal Strengths and Weaknesses, and external Opportunities and Threats
What is a PESTLE analysis?
Studies the key external factors (Political, Economic, Social, Technological, Legal and Environmental) that influence an organisation
What are types of organisational structure?
- Bureaucratic (Split into departments based on expertise and managed independently) like Gleeds CM
- Divisional (Split by service stream) like Gleeds London
- Flat (minimal hierarchy) typically seen in startups
- Circular (management near the centre and staff at the periphery)
What does a Dun & Bradstreet score tell you?
The financial strength/net worth of a firm (rating H…A, 1A… 5A) and the Risk indicator (1-4)
What is the best Dun & Bradstreet score?
5A 1
What was Gleeds turnover in 2022?
£78 million
What was Gleeds gross profit in 2022?
£15 million
What was Gleeds net profit in 2022?
£640k
