Strategic Planning in the Small Business

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Unit 6 TP 6-4 STEPS IN DELEGATION Select the people who have the ability to do the job. See that they clearly understand what ...

Unit 6 TP 6-5 OUTSIDE BOARD MEMBERS' CHARACTERISTICS ADVANTAGES: " Objectivity * Provide independent assessments. Greater stockh ...

Unit 6 TP 6-5(continued) OUTSIDE BOARD MEMBERS' CHARACTERISTICS DISADVANTAGES: * Supplement the skills and information of manag ...

Unit 6 TP 6-6 INSIDE BOARD MEMBERS' CHARACTERISTICS ADVANTAGES: * Superior, pertinent technical backgrounds " Demonstrated lead ...

Unit 6 TP 6-7 COMMON OBJECTIVES FOR THE BOARD OF DIRECTORS * Legal requirements (organization) * Window dressing (public relati ...

Unit 6 TP 6-8 STAGES OF FIRM LIFE CYCLE STAGE 1 EMBRYONIC/SEED STAGE STAGE 2 START-UP STAGE 3 EARLY GROWTH STAGE 4 RAPID GROWTH ...

Unit 6 TP 6-9 GENERIC BOARD TYPES * WINDOW DRESSING Exists primarily to enhance image and prestige of the firm. Duties are larve ...

Unit 6 TP 6-10 Characteristics CEOs Seek in New Board Members Characteristics Frequency Specific technical or specialized exper ...

Unit 6 HO 6-1 Recommended CBA Strategic Plan Outline Tabhe of Contents Executive Summary This should be a brief statement whic ...

Unit 6 HO 6-1 (Continued) 4. Strategic Direction This section of the plan should spell out the general direction of the firm ove ...

Unit 6 HO 6-1 (Continued) " Proforma cash flow statement by month for the next 12 months and by quarter for the next 12 months ...

Unit 6 HO 6-2 Delegation Guidelines * Select the people who have the ability to do the job. * See that they clearly understand w ...

Unit 6 HO 6-3 Keeping the Plan Up-to-Date NOTE: This schedule is based on a January to December fiscal year. If your fiscal year ...

Unit 6 HO 6-4 STAGES OF FIRM LIFE CYCLE STAGE I EMBRYONIC/SEED STAGE This stage is the conceptual pha~e of the business's develo ...

Unit 6 HO 6-5 OPINION PRO Do Board of Directors Really Help Small Businesses? CON Sooner or later, every business owner needs re ...

Unit 6 HO 6-5 (Continued) I've found that less than one out of every 20 businesses ilave any truly competent outside directors. ...

Unit 6 HO 6-5 (Continued) As a company grows in size and complexity, the need for strategic attention becomes even more importan ...

Unit 6 HO 6-5 (Continued) competition, productivity, and so forth. This, too, is a survival problem: "successful" should also be ...

Unit 6 HO 6-5 (Continued) ownership, and in direct proportion to the relative size of that ownership. Directors can only be effe ...