Strategic Planning in the Small Business

UNIT' 6

Title:

DRAFT

AND

IMPLEMENT

THE PLAN

AND

DEVELOP

A MANAGEMENT

CONTROL

SYSTEM

Purpose:

This unit

is designed

to help participants

avoid

important

pitfalls in

implementing

their

strategic

plan, and

develop a

system for

controlling

the firms

strategic

direction.

Also introduced

in this

module

is the idea

of developing

a policy

or advisory

board of

directors.

Under the

right circumstances

a board

of directors

can be

an

important

tool in

helping the

firm in its

ongoing strategic

planning

process.

Objectives:

Upon

completion of

this unit participants

will...

"

be able to

prepare a first

draft of

their firms strategic

plan.

*   be

able to structure

the firm

and delegate

responsibility

for

implementing

sections

of the

plan.

* be able to

design a basic

management

control

system for

their firm.

*

be able to draft

a process

for keeping

the plan

up-to-date.

*

understand  the

basic elements

involved

in developing

a board

of directors

Materials:

Transparency

1-1 Reuse

Definition

of Strategic

Management

Transparency

1-2 Reuse

Basic Elements

in the

Strategic

Management

Process

Transparency

1-4 Reuse

Definition

of Strategy

Implementation

Transparency

1-5

Reuse

Definition

of Evaluation

and Control

Transparency

5-5 Reuse

Action Plan

Form

Transparency

1-141

Reuse Strategic

Planning

Process

• Step 12

Transparency

I-14m Reuse

Strategic

Planning

Process -   

Step 13

Transparency

1-14n

Reuse

Strategic Planning

Process

-    Step 14

Transparency

I-14o

Reuse

Strategic

Planning Process

-    Step

15

Transparency

1-14p

Reuse Strategic

Planning

Process

• Step 16

Transparency

6-1

Draft

and Refine

the Plan

Transparency

6-2

Strategic Plan

Outline

Transparency

6-3

Implement

the

Plan

Transparency

6-4

Steps in delegation

Transparency

6-5

Outside Board

Members'

Characteristics

359