Business Case, Business Plan: Do You Know the Difference?
It is analogous to taking a journey with many participants to a destination. The journey in this case is the process and the destination a comprehensive business plan. The business plan was for a portfolio of primary and specialty care products in varying stages of their product life cycle.
The process also involved multiple stakeholders in the organization with differing vested interests. The process had been managed in a transient way. The individual in charge would normally only manage 1 — 2 planning cycles and then move on to another role.
This situation was compounded by the fact that it had been redesigned a couple of times and become overly complicated. It also had a system that required business plans be inputted and was utilized only as a repository for one-time static business plans.
There was also organizational discord because the process was overly complicated, still not clearly defined, and only had a budget aspect. This had an impact of changing the strategic focus to a financial focus and negatively impacted the strategic aspects of the planning process.
Essentially everyone worked for the process instead of the process working for them. Plan of Action To understand all the moving parts and the various stakeholder requirements a detailed assessment was done. The assessment was done across stakeholders, business processes and systems.
A high level of due diligence was required in the assessment to establish a reference baseline understanding and not repeat the past mistakes. To facilitate stakeholder involvement, interviews and surveys were done at all levels in the planning process.
This was instrumental to identifying the underlying business planning issues and vetted out stakeholder needs and requirements. This also identified near term opportunities. One was a lynch pin that was driving much of the frustration, the business planning system repository.
Eliminating this step in the process as part of the redesign was critical change management aspects that help the stakeholders to become involved in the redesign efforts.
The results of the assessment were developed into a top-line straw model that was discussed with senior management and the major stakeholders. The straw model was then refined and utilized to identify the appropriate stakeholders to engage in the process redesign.
This was risky since they had already been through two redesigns; the difference this time was it was done completely internally with key stakeholders assembled into a project team.
The model was further developed to have one overall owner responsible accountable for the process, and key stakeholder responsible for their critical components in the overall process. Each component part was detailed out with objectives, accountabilities, deliverables and a timelines.
The process identified the lowest common denominator of business requirements and utilized this for base requirements. These base requirements were utilized to design templates for communicating consistently across brands and for capturing critical financial information.
This imparted consistent structure while allowing for creativity. Business Results The process redesign resulted in a four segment process that aligned corporate, financial and business planning processes across the whole year. Like any other process it went through at least two to three more optimizations.
This was a critical success factor to keep the stakeholders actively involved. This combined with consistent executive endorsement throughout the year made the process extremely successful.
The end result was a harmonized business planning process that allowed for creativity for the brands strategically, completely supported financial planning and executive management resource allocation decision making.
The resource allocation process was improved dramatically by the efficient aggregation of consistent information across all brands from forecast to spending levels. The new process eliminated the majority of the non-value added activities and time spent on the process.
Stakeholders and all the supporting areas were completely engaged, and the brand teams evolved to do translations of their strategic plans into operational plans for the supporting areas to develop their business plans. The harmonization of the business planning timeline and the financial planning timelines was a significant benefit that sustained the change.
The interconnectedness of all planning enabled additional efficiencies to be realized back into technical operations. Altometrixs Case Studies With over 20 years of diverse experience in the pharmaceutical and biotech industries, Altometrixs has helped many companies from strategic planning to contracting to critical process improvements.Executive Summary In view of the current issues facing the company as well as the result of the SWOT analysis and Porter’s Five Forces Analysis Fair Use Policy; Case study McDonalds Business Plan.
Print Reference this This paper presents a business plan for McDonald's, which centers on the strategic issues facing the company and. In the second part of the case write-up, the strategic-analysis section, do the SWOT analysis, analyze and discuss the nature and problems of the company’s business-level and corporate strategy, and then analyze its structure and control systems.
The product can either be a student study of a new case or a student analysis of pre-existing case studies towards a particular goal.
Appropriate Content Areas: Initially common in law, business, engineering, teacher, and medical education, it can be modified to most curriculum. Providing an answer to a case study question involves much more than simply recounting the issues and problems set forth, it includes identifying the most important issues, employing sound and logical analysis, developing an action plan for addressing the problem(s) and making recommendations.
Business Plan Case Study Sheets. Some students get free subscriptions in class, and many of them couldn’t even avoid certain periodicals if they wanted to. The PowerPoint template shows a risk mitigation plan case study slide design, which may be used to present an overview of different risk reduction strategies and techniques which the business organization is planning or is currently implementing in practice.