Planning Flashcards
you can design more effective promotions and
impactful campaigns, reach your customers with targeted advertising, and track your business success with analytics.Without one, you might as well throw your marketing budget down a well and hope for the best.
well-designed marketing plan
Steps in making marketing plan
1 Conduct a marketing audit
2 Collect market research
3 Understand your audience
4 Develop your positioning and messaging
5 Set company and marketing goals
6 Determine your budget
7 Develop marketing campaigns
8 Develop an implementation timeline
9 Evaluate and make improvements
A well-constructed production plan can help to boost revenue, profit and customer
satisfaction, while a poorly designed plan
can cause production problems and
perhaps even sink the company.
Importance of Production Plan
provides a framework for
understanding the resources and
production steps required to meet
customer needs.
Production plan
Production Planning helps ensure that the company can
make and deliver products to
customers on time
Satisfaction
reduces bottlenecks and
helps minimize costs.
Detailed production
efficiency
5 STEPS MAKING PRODUCTION PLAN
- Forecast product demand
- Map out production steps and options.
- Choose a plan and schedule production.
- Monitor and control.
- Adjust accordingly
an important tool for any size business. It gives business
owners a road map to follow as they work to achieve their financial goals. The plan should be created with the help of a professional accountant or financial
planner.
Business financial plan
reasons why having a
business financial plan is important;
First, it can help business owners track their progress and make necessary adjustments along the way.
Second, a financial plan can provide
valuable insights into a business’s financial health. This information can help business owners make informed decisions about where to allocate resources.
Finally, a financial plan can help
business owners secure financing
from lenders or investors.
How to create a business financial plan
- Define your financial goals
- Understand your financial situation
- Create financial projections
- Make a budget
- Set up financial records
- Monitor your progress
Importance of Human Resource Management Plan
- Increasing productivity
- Implementing managerial activities
- Motivating employees
- Increasing productivity
- Avoiding manpower and shortage and excess
- Evaluating demand and supply of resources
- Increasing quality of hire
- Growing a competitive advantage
contains systematic steps in HRP
that drive effective management of human resources. It is sometimes referred to as the process of human resources planning or manpower planning.
Human Resources Planning (HRP)
Human Resources Planning Process
- Analyze Environment
- Predict Labour Demands
- Assess Labour Supply
- Bridge Gaps
- Implementing Plans
- Monitor & Adjust
