Imaginary Business Action Plan For this item of course work I have been asked to produce a comprehensive study into starting an imaginary business of my choice in the Ballymena district in which I live. To help me proceed through this I will develop an inclusive action plan which will allow me to see how well I'm progressing through the time that I have been given. The action plan will also help me with the points that I must cover to ensure this study is comprehensive. In order for this study to be comprehensive and not lacking in detail or facts I must research all aspects of starting a business. I will be using books, the internet and contacting similar business to aid me in my research; this type is all classified as desk research, all the results will be quantitative rather than qualitative. I will also use field research such as questionnaires which is more qualitative. I propose to start a large electrical superstore retail outlet; I have decided to make my business a LTD, as this lets me have full control and separates my company finances from my own. This wouldn't be the easiest to initially set up but the benefits will be on going. I also will have to publish my accounts yearly and will be available to the public to view. Aims ==== The aim of my business would focus mainly on to competing with other similar businesses in the local area. Undoubtedly my business must at least make a profit, if not then break even. As with all small independent businesses the overall aim for the first six months is to survive. Survival and turnover are linked very closely, with good turnover the business will survive l... ... middle of paper ... ... that the markets shares were divided fairly evenly. · What additional services must I offer to attract customers I found that a large percentage of customers who buy large goods will pay for delivery and installation. I have calculated it out to find that, I can in fact offer free delivery on large goods and still obtain a reasonable profit margin · Find out my target market My target market realistically is both genders starting at the age of 17 to the age of around 60 primarily social economic groups A - C. · Decide on my company type I have decided that they best type for my business is a private limited company. I have decided this as the advantages far out weigh the disadvantages of any of the other company types. I used books, the internet, banks, insurance brokers, and similar businesses.
Specific: It should show a clear outline of what the organisation aims to achieve
Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
After analyzing the Coastal Medical Center, it is apparent that the employees and staff have no conception of the mission, vision, and values of this health care facility. In addition to this lack of structure, CMC has many projects in the midst of production that lack support of a common goal, employees are unsatisfied with their jobs, the two boards lack ability to agree on strategic decisions for the organization,, and the medical center has a dismal reputation when it comes to quality care.
Whether you work in the private or public sector, Emergency Medical Services (EMS) is a business. To run a successful business you must employ the practices of a market leader. Market leadership requires professional development. Through professional development, strategic plans can be learned and then used to improve leadership and the organization as a whole. In the following paragraphs I will discuss the characteristics of an EMS market leader and the role professional development has played and will continue to play in my transition into a market leader. I will also describe my personal strategic plan that I will use to guide me through the first 90 days in my new position as EMS Officer, as well as a plan for any improvement
**** Agencies Responsible – Which agencies/ organizations/ individuals are primarily responsible for executing the action plans for each goal?
Fall prevention needs to be the target of many hospitals. Falls occur each year in hospitals and can be detrimental to the patient, especially the elderly patient (Peel, Travers, Bell, & Smith, 2010). Falls can lead to broken bones, longer stays in the hospital and potentially can lead to death. Falls are expensive to both the patient and the hospital (Trepanier & Hilsenbeck, 2014). This paper would like to take a look at a strategic action plan that would help to prevent falls. This plan of action will includes organizational changes that are geared towards fall prevention. The second part of this paper will include an evaluation plan that is designed to measure and monitor the plan.
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Planning is involved in defining an organization’s goals, establishing an overall strategy for achieving these goals, and developing plans for organizational work activities. Planning can establishes goals and objectives to provide direction to all levels of managers in the organization. Planning also reduces uncertainty and reduces overlapping and wasteful work activities. Planning helping establish standards that are using in control. Planning has two components: goals and plans. The goals can define the targets that the organization wants to achieve. Timeframes are usually included to specify when the targets are to be achieved. The goals is include ‘What is it to be done?’ and ‘When is it to be done?’. Action Plans are another component of planning details steps and actions, there are required to achieve goals. The
Bushell, S. (1992). Implementing plan, do, check and act. The Journal for Quality and Participation, 15(5), 58. Retrieved from http://search.proquest.com/docview/219169994?accountid=38569Collins, J. (2001).
Define the current situation - break down problem into component parts, identify major problem areas, develop a target improvement goal
Plan of action: my plan is to stick to the plan and not let anything get in my way of changing what I am trying to achieve.
SGM PC Depot is a start-up company that is designed to offer computer products and other gadgets. SGM PC Depot allows businesses and individuals to be informed of the latest trend in technology and grab it in the most accessible way through the internet. With SGM PC Depot, you can choose and shop a wide variety of computers, laptops, and gadgets at all times and you have 24-hour access to us. Customers can avail our products and our service by subscribing to our server on the internet.
The planning aspect, which was totally absent before, is now the starting point for every assignment. The purpose of the plan is to give myself a direc...
Business plans are documents used for planning out specific details about your business.Business plans have importance and purpose for the success of the business however.Here are a few of the importance and main purpose of why we need a business plan in order to start a business. Business plan will guide us as an entrepreneur in how to handle and manage our business and company. It very useful in clarify direction , future vision , attract financing , attract team members and last but not least is to manage company.Moreover , the information gathered regarding the project is used in the Business Plan to predict viability , forecast success and propose strategies for the project .
Planning can be used to help the organization map out a way to efficiently achieve their goals. The beginning of the planning process should include analyzing of the current situation. From this information the company can determine the goals and start to outline the steps that need to be taken to ensure that the goal will be met. Other planning activities that should be completed are determining the company’s objectives and were they want to be in the future. This will help them to choose their business objectives and strategies. In addition, the company should look at the resources that they have available and determine if they are sufficient to achieve the organizations goals.