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BusinessPlanToolKitBusinessPlanToolKit1Contents
WhatisaBusinessPlan
WritingaBusinessPlan
BusinessPlansample(tobecomplementedlater)
2Contents2
Definitionofabusinessplan
Theroleofa
businessplaninnewbusinessdevelopmentprocess
Thesignificanceofabusinessidea
Developingabusinessidea
Elementsofapromisingbusinessidea
PrioritizingabusinessideaProtectingyourbusinessidea
WhatisaBusinessPlan
3WhatisaBusinessPlanDefinitionofabusinessplan
Abusinessplanmusthaveadetailedplanforthefollowingeightfactors;
1)Product/Service2)MarketandCompetition3)Marketing4)BusinessSystem5)OrganizationandHR6)OpportunitiesandRisks7)ImplementationSchedule
8)FinancialPlanning
Whatisabusinessplan
Developingabusinessidea(ideawhichcanmakemoney)intoadetailedplanthatcanbeimplemented4DefinitionofabusinessplanRoleofabusinessplaninnewbusinessdevelopmentprocessNewbusiness
promotionstageMethodologyInternalsupportorganizationOnlineIdeaDBIntangibleWorkshopBenchmarking/MegatrendAnalysisBusinessPlanCompetitionStage1Stage2Stage3IdeaGenerationBusinessplanwrite-upImplementationandgrowthIdeaGenerationManagementTeamBusinessPlanDevelopmentTeamInvestmentCommitteeVentureTeam(TFT)WhatisabusinessplanAbusinessplancanbedefinedastheintermediarystagebeforeabusinessideacanactuallybeimplementedasanewbusiness5RoleofabusinessplaninneSignificanceofabusinessideaTherearemanydifferentwaystogenerateabusinessidea.Thefollowingarerecommendationstocomeupwithwell-organizedbusinessideas-bestifimplementedatthesametime
IntangibleWorkshop:Holdworkshopstogenerateideastofacilitatecompanyintangibles,asthe significanceofintangiblescontinuetogrowundertheneweconomy
Benchmarking/MegatrendAnalysis:Studymegatrendsofotherindustriestogenerateideasor
conductbenchmarkinganalysis
OnlineIdeaDB:MakeanideaDBonlinetoenablereview/postingofideasasawaytohelpdevelop businessideas
BusinessPlanCompetition:HoldbusinessplancompetitionstogeneratebusinessideasWhatisabusinessplan
‘Nobusinessidea,nobusinessplan’‘Nobusinessplan,nobusiness’Abusinessideaisthestartofabusinessestablishment.YoumusthavemanycreativeideaswhichcanbetransformedintoabusinessinordertocreatevalueDevelopingabusinessidea6Significanceofabusinessi
Elementsofapromisingbusinessidea
Thekeytosuccessinthemarketplaceissatisfiedcustomers,notgreatproducts.(ex)“Ournewdevicecanperform200operationsperminute.”(X)“Ournewdevicehas25%fewerparts.”(X)“Ournewdevicewillsavethecustomeraquarterofthetime.”(O)
Makevaluepropositionstothecustomer
Presentcustomerswithuniquevalues.ClearcustomervalueMarketofadequatesizeFeasibilityandprofitabilitySufficientdegreeofinnovation1243
Whatisabusinessplan
ClearCustomerValue
Whowillbuyyourproduct/service?
Whyshouldthecustomerbuytheproduct?(Whatneedsdoesyourproductfulfillthatthecompetitorproductscannot?)
Whatismostuniqueaboutyourbusinessidea?KeyQuestions7Elementsofapromisingbusin
Doesthemarketyouplantotargetwithyourproducts/serviceshaveadequatesize
(nopreciseanalysisneeded,statisticsorestimatescanbeused)
Knowwhoyourcompetitorsare.ClearcustomervalueMarketofadequatesizeSufficientdegreeofinnovation1243Whatisabusinessplan
MarketofadequatesizeFeasibilityandprofitability
Whatisthemarketsize?
Isthemarketgrowing?
Whatisyourtargetmarketandmarketshare?
Whoareyourcompetitors?
Whatareyourstrengths/weaknessescomparetoyourcompetitors?KeyQuestions8Doesthemarketyouplantot
Abusinessideashouldhavethefollowingfourelementsaccordingtoproduct/servicetypeandbusinesssystem-MustspecifywhereinnovationistakingplaceNewproduct(Microsoft)Newindustry(Netscape)ExistingindustryNewbusinesssystem(Dell)BusinessSystemConventionInnovationProduct/serviceConventionInnovationClearcustomervalueMarketofadequatesizeSufficientdegreeofinnovation1243Feasibilityandprofitability
SufficientdegreeofinnovationWhatisabusinessplan
Howisyourproduct/serviceinnovative?
Howisyourbusinesssysteminnovative?KeyQuestions9Abusinessideashouldhavet
Considerfeasibility(legalconstraints,time/resourcelimits,etc)
Calculateoverallprofitability(simple
cashflow,etc)ClearcustomervalueMarketofadequatesizeSufficientdegreeofinnovation1243Feasibilityandprofitability
FeasibilityandProfitabilityWhatisabusinessplan
Whataretheconstraintsinimplementingyourbusinessidea?Whyareotherpeoplenotimplementingthiskindofbusinessidea?Whatisthegrossmarginrateofyourplannedbusiness?Howmuchinvestmentisnecessary?Howmuchisthevariablecost?Doestheprofitincrease?Whatistheoverallcashflow?KeyQuestions10Considerfeasibility(legalPrioritizationofabusinessidea-Insearchofakilleridea
Aprocesstoprioritizegeneratedideas
Positioningofideasonthebelowchartbasedonthepotentialmarketanditsfeasibility
※KillerIdea:Anideacapableofcreatinganewmarket(ex.walkman,mobilephone,Dialpad,
45min.photographprinting,etc.)Seeksolutionsforobstaclesinimplementation
Immediatelylaunchbusinessplanwrite-up
Postpone
Seekwaystoexpandmarketsize
FeasibilityLowHighMarketsize(allowgrowth)LowHighWhatisabusinessplan
11PrioritizationofabusinessProtectingabusinessidea
Waysofprotectingabusinessidea
Patenting:PatentingabusinessideatoensurelegalprotectionConfidentialityagreement:MaintainingaconfidentialityagreementwithrelatedpartiesworkingonthebusinessideaQuickimplementation:ImplementingyourbusinessplanassoonaspossibleWhatisabusinessplanInnovativeideasaretheresultofhardworkandcreativethinking.ItisimportanttoprotecttheideasufficientlysothattheideaisnotexposedtootherindustriesThebestprotectionistoimplementyourbusinessideaasquicklyaspossiblesoastobuildanentrybarrier
12ProtectingabusinessideaWay
Theneedtowriteabusinessplan
Elementsofagoodbusinessplan
Businessplanstructure
Writingabusinessplan
Summary
Product/ServiceMarketandCompetition
MarketingBusinessSystem
OrganizationandHR
OpportunitiesandRisksImplementationScheduleFinancialPlanning13WritingabusinessplanTheneedtowriteabusinessplan
“Writingabusinessplanforcesyouintodisciplinedthinking,ifyoudoanintellectuallyhonestjob.Anideamaysoundgreat,butwhenyouputdownallthedetailsandnumbersitmayfallapart.”Writingabusinessplan
ThebusinessplanwasfirstusedintheUSAbystart-upandventurecompaniesasmeansofacquiringfundsfromprivateinvestorsandventurecapitalists.Evenmajorcorporationsrelyonbusinessplanstohelpthemmakeinternalinvestmentdecisions.
Cansystematicallyexaminefeasibilityofthenewbusinessfromvariousangles
-Canprovidesolutionstoproblemsandheightenefficiencyofthenewbusinesswithclearanalysisofthesituation
―ProvidesaninvaluabletoolformanagementandevaluationoftheprojectBenefitsofwritingabusinessplan14Theneedtowriteabusiness
Elementsofagoodbusinessplan
Clarity:Mustclearlylayoutthekeypoints(strengths)ofthebusinessplan
Objectivity:Mustbebasedonobjectivedata
Simplicity:Shouldbecomprehensiblebytechnicallayman
Consistency:Musthaveuniformvisuallayoutandconsistencyineditingofthefinalversion
Well-defined,quantifiablecustomervalue:Loweringthecostofdeliveringanexistingvalueorcreatinganewvalueifthiscanbeachievedatreasonablecost
Innovativeproduct/service:
Theproduct/serviceand/orbusinesssystemmustpossessahighdegreeofinnovation
Thepossibilitytoprotect/sustaintheinnovation
Agrowingand/orlargemarket:Thetargetmarketshouldgrowatafastpaceorshouldbealargemarket
Afar-sightedanalysisofthecompetition:Provideacompleteandobjectivedescriptionofexistingandpotentialfuturecompetitors
Acarefulweighingoftherisksandopportunities:Providearealisticdescriptionoftherisksinvolvedinthebusinessandplanstoovercomethem.ExplainwaystomakeuseofpotentialopportunitiesGeneralprinciplesMain
ContentsWritingabusinessplan
15ElementsofagoodbusinesspChecktoseeifyourreaderscanreadandcomprehendthesummaryinfivetotenminutesevenifthepersonhasnopreviousknowledgeofyourbusinessconceptoritstechnicalorscientificbasisWritingabusinessplan
SummaryThesummaryshouldbeabletodeliverthemostimportantaspectsofthebusinessplantothedecision-makersFocusonthesefourelementswhenwritingyoursummary
―Clarityofthebusinessidea
―Valuetheproduct/serviceprovidestothecustomer
―Marketsizeandgrowth
―ReturnoninvestmentDescribeyourbusinessideaasclearly,compellingly,andconciselyasyoucan16Checktoseeifyourreadersc
Product/serviceDevelopmentstatusoftheproduct/service
Explainthestageofdevelopmentyourproduct/servicehasreached
Identifytechnical/legal/consumerbehavioral/partnership(needtopartnerwithotherindustries)/socialandculturalconstraintsindeliveringproductorservicetocustomersandprovidesolutionmeasures“Ifyoudon’tknowwhatthecustomervalueis,thewholethingisawasteoftime.”Writingabusinessplan
Clearlyindicatehowyourproduct/servicediffersfromthosethatarenoworwillbeonthemarketCustomerValue
Thebusinessplandoesn’tmakeanysenseiftheproductorservicefailstoprovidebettervaluetothecustomercomparedtocurrentmarketofferings
Analyzethevaluethecustomergainsfromyourproduct/service
Weightheadvantagesanddisadvantagesofthenewproduct/servicefromthecustomer’sperspective17Product/serviceDevelopmentsCheckList(Product/service)Haveyouexplainedplanstoretrievethevaluedeliveredtothecustomer?(howwillyougetyourmoneyback)□Developmentstatusoftheproduct/service
Haveyouaccuratelyexplainedthecurrentstageofdevelopmentofyourproduct/service?
Haveyouindicatedwhatresources(time,personnel,funds)yourequireforeachsubsequentdevelopment?□CustomerValue
Isthereacleardefinitionofwhatcustomervalueyourproduct/serviceprovides?
Haveyoudefinedwhoyoucustomersareandwhoarenot?
Haveyouidentifiedwhythecustomerbuysyourproduct/service?(Haveyouexplainedwhataddedvaluethecustomerreceivescomparedtootherproducts/services)Haveyouweighedthestrengths/weaknessesofyourproduct/serviceovercomparableproducts/servicesfromthecustomer’sperspective?Haveyouconductedpilottestsorsurveystoseeiftheproduct/servicefulfillscustomerneeds?(ortriedothermeanstofindout)
Haveyouexplainedthetechnicalbarriersandsolutionmeasures?
Haveyouexplainedtheinstitutional/legalconstraintsandwaystoovercomethem?
Haveyouexplainedthecustomary/consumerbehavioralconstraintsandsolutions?
Haveyouexplainedthecultural/socialconstraintsandwaystoovercomethem?YesNoWritingabusinessplan
18CheckList(Product/service)
MarketandCompetitionMarketsizeandgrowth
Arapidincreaseinthevalueofthecompanycanbeexpectedonlyifthemarketholdsagreatpotential
Themarketsizeshouldbepresentedinfiguresi.e.numberofcustomers,ofunitsales,totalsales
Yourexpectationsformarketgrowtharecritical;showwhatfactorswillaffectdevelopments(e.g.technology,legislativeinitiatives)
ForecastingmarketsizeandgrowthDefinefactorsinfluencingmarketsizeandgrowthSethypothesisonfuturedevelopmentsCollectfactsneededtoverifyhypothesis(pasttrends,expertopinions)Estimatemarketsizeandgrowthbasedontheprovenhypothesis“Ifthereisnocompetition,thereisprobablynomarket.”Writingabusinessplan19MarketandCompetitionMarket
Pointstofollowwhenmakinganestimate
Buildonsolidfoundation:Relyoneasilyverifiablefigureseventhoughtheremaybemanyunknowns
Thinklogically:Anestimateshouldbealogicalconclusionandshouldnothaveanyleapsinlogicordependonunspecifiedassumptions
Compareyoursources:Checkyourfactswithothersources(interviews,statistics,
expertopinions)toensureobjectiveness
Becreative:Lookforasubstitutevariablethatrelatestoyourneedwhenavariableisunknown
Checkforplausibility:Checkifeachestimatemakessense
Writingabusinessplan
20PointstofollowwhenmakingMarketSegmentation-Segmentthemarketandexplainyourtargetmarket-Therearemanywaystosegmentthemarketbutthefollowingthreeelementsneedtobepresent1)Determinethenumberofcustomerineachmarketsegmentandtheirbuyingpower(Measurability)2)Identifycustomerbehavioralpatternineachsegment(Homogenous-within)3)UsethesamemarketingstrategyforcustomerswithineachsegmentCustomersegmentationcriteriaforconsumergoodsmarketsCustomersegmentationcriteriaforindustrialgoodsmarketsLocation:country,urban/rural(populationdensity),climateDemographics:age,sex,income,profession,religion,educationlevelBehavior:Frequencyofproductpurchase,productusage,brandloyalty,
pricesensitivity,purchasingvariablesPsychologicalfactors:Lifestyle(behavior,interest,opinion)
Demographics:companysize,industry,location
Operations:technologyemployed(e.g.,
digital,analog)
Buyinghabits:centralizedordecentralizedpurchasing,purchasingcriteria
Situationalfactor:urgencyofneed,ordersize
Writingabusinessplan
21MarketSegmentationCustomerse
CompetitionComparekeycustomervalue,targetcustomers,salesrevenue,marketshare,costpositioning,productlines,anddistributionchannelsofyourcompanywiththoseofyourcompetitorsComparestrengths/weaknessesofyourproductwiththatofthecompetitorsConsiderwaystomaintainyourcompetitiveedgeCompareyourintangibleassetswiththoseofthecompetitorsAnalyzeyourpositioningstrategyinthemarketwiththatofthecompetitorsPositioning:transferringthecustomer’smarketpositionoftheproduct/servicetoapositionthatthecompanywantstotake(ex.Lowqualityproduct?highqualityproduct,babyproducts?adultproducts)Mapsfordesigningpositioningstrategy(samples)QualityLowHighPriceLowHighProductlineLowHighDeliverytime
LowHighCredibilityLowHighConvenienceLowHighWritingabusinessplan22CompetitionQualityLowHighPri
Haveyouexplainedfactorscrucialforsuccessinyourtargetmarket?□Competition
Haveyouidentifiedyourcompetitorswithcomparableproducts/services?
Haveyougivenananalysisofyourpotentialcompetitors?□Marketsizeandgrowth
Haveyouexplainedthegeneraltrendofyourtargetmarket?
Istherearationaleforpresentmarketsize?
Istherearationaleforfuturemarketgrowthrate?
□Marketsegmentation
Haveyoudefinedthecriteriaformarketsegmentationanditsrationale?
Haveyoucomparedthestrengthsandweaknessesofyourmajorcompetitorswithyourown?
Haveyoucomparedyourstrategieswiththoseofyourcompetitors?
Whatisyourcompetitiveedge(especiallyintangible)overyourcompetitorsandhaveyouexplainedifyourcompetitiveedgewillbesustainable?
Haveyougivenarationaleforcharacteristicsofeachmarketsegment(profitability,size,growthrate)andtheirfutureprospects?
Isthereacleardefinitionofthetargetcustomerandcustomerexamples?
Haveyoudeterminedthetargetmarketshareforeachmarketsegment?Writingabusinessplan
CheckList(Marketandcompetition)YesNo23Haveyouexplainedfactorscr
MarketingPrice
Determinetheattainablepriceforyourproduct/serviceandevaluateonwillingnessofcustomerstopaytheaskedprice(newbusinessesoftenencounterproblemsbecauseoftheconventionalwisdomthatpriceisderivedfromcost)Quantifythecustomervalueofyourproduct/serviceanddefinethepricebracket.VerifyandrefineyourassumptionsthroughdiscussionswithpotentialcustomersThepricingstrategydependsonyourgoal;thechoicecanbeeitherpenetratingthemarketquicklybygoingwithlowprice(PenetrationStrategy)orgeneratingthehighestpossiblereturnfromtheoutset(SkimmingStrategy)SkimmingstrategyPenetrationstrategyAnewproduct/serviceispositionedasbetterthanpreviousoptions,soahigherpricecanbejustified.Youcanalsocreateasuperiorimageoftheproduct/serviceHigherpricesgenerallyleadtohigherprofitmargins,andallowthenewcompanytofinanceitsowngrowth
Cansetanewstandardintheearlystage(e.g.Netscape,Explorer)
Cansubstantiallylowerfixedcostsperunitifthefixedcostishighintheinitialstageofthebusiness
Canpreventmarketentrybycompetitors“Marketingisfartooimportanttobelefttothemarketingdepartment.”Writingabusinessplan
Marketingisakeyelementinasuccessfulbusinesslaunching.Thisrequiresaclearstrategyfortheso-called4Ps(Product,Price,Place,Promotion)(Forproduct,refertotheproduct/servicesection)24MarketingPriceSkimmingstraPlace
Howtodeliveryourproduct/servicetothecustomerisakeymarketingissueandrequiresconsiderationofvariousfactorsThemainfactorstoconsiderare;thenumberofpotentialcustomers,rangeofproduct/service,arethecustomerscompaniesorindividuals,wheredotheyprefertoshop,doestheproductrequireexplanation,whatisthepricebracket,whatisthefrequencyofpurchase,whataretheinstitutional/legalconstraintsAnothersignificantmarketingdecisioniswhetheryourcompanywillhandlethedistributionitself,orwhetheraspecializedoperationwillhandleitforyou.Technologicaldevelopmentshavegreatlyexpandedthespectrumofdistributionchannelsandthechoicesareasfollows;
1)Third-partyRetailers:Productssoldtotheendcustomerviaretailers2)OutsideAgents:Specializedcompaniesactingasagentsforthedistributionofproducts(don’tacquireownershiprights)andchargingcommissionforsales3)Franchising:Franchiseespayinglicenseorfranchisefeesandsellingtheproduct/service
(e.g.McDonalds,Seven-eleven)4)Wholesalers:Amiddlemanspecializinginre-salestoretailers5)Stores:Sellingproductsdirectlytocustomers6)Ownsalesstaff:Companymarketingemployeesinchargeofdirectsales7)DirectMail:Sellingproductsbymailtocustomers8)CallCenter:Invitingconsumerstoorderproductsbytelephonethroughadvertising9)Internet:UsingInternetasamarketingchannelWritingabusinessplan
25Place
WritingabusinessplPromotionAdvertisingyourproducts/servicesinordertoattractcustomer’sattention,informing,persuadingandinspiringconfidence
Promotioncanbedefinedas‘marketingcommunication’.Communicationmustexplainthevalueofyourproduct/servicetoyourcustomers,andconvincecustomersthatyourproductmeetstheirneedsbetterthancompetingoralternativesolutions
Waystoattractthecustomer’sattention
1)ClassicAdvertising:newspapers,magazines,TV,radio2)DirectMarketing:direct
mailtoselectcustomers,telephonemarketing,internet3)PR(PublicRelations):articlesinprintmediaaboutyourproduct,businessorthemanagement4)Exhibitions5)CustomerVisitsBesuretofocusonthepeoplewhomakethepurchasingdecisionorhavethegreatestinfluenceonthepurchasingdecisionWritingabusinessplan
26PromotionWritingabusiness
Isthepriceofyourproduct/servicereasonablecomparedtocurrentmarketofferingsfromthecustomer’spointofview?□Promotion
Haveyouanalyzedwho,withineachcustomergroup,ultimatelymakesthepurchasingdecision?Haveyouidentifiedwaystodrawattentionofyourtargetgroupstoyourproduct/service?□Price
Haveyouspecifiedwhatyourpricestrategyisandreasonsforadoptingthestrategy?
Doesthepriceaskedcovercostsandensureafairreturn?□Place
Haveyouexplainedthereasonsforyourchoiceofdistributionchannel?
Haveyoudeterminedhowmuchresources(time,investment)willbeusedtoattractandmaintaincustomers?
Haveyoudescribedstepsrequiredforlaunchingyourproduct/serviceinthemarket?
Haveyouspecifiedthetargetsalesvolumeforeachdistributionchannel?
Haveyouexplainedthetypicalprocessofsellingyourproduct/service?
Havealternativedistributionchannelsbeencomparedandstudied?Writingabusinessplan
CheckList(Marketing)YesNo27Isthepriceofyourproduct/R&DProductionMarketingSalesServiceWritingabusinessplan
BusinessSystemAbusinesssystemmapsouttheactivitiesnecessarytoprepareanddeliverafinalproduct/servicetothecustomerThreeelements,namelythevaluechain,make-or-buydecisionsandtheneedforpartnership,mustbeconsideredwithinthebusinesssystemValueChainDescribestheentireprocessofproduct/servicedeliverytoend-users(usechartstoenhanceunderstanding)Definethekeyvaluecreatingactivitieswithintheprocess
e.g.)InthecasewhereR&Dandmarketingarethekeyactivities28R&DProductionMarketingSalesSerNeedforpartnershipDeterminewhetheritisnecessarytoforgeapartnershipforapartorwholeofthebusinesssystemPointstoconsiderwhenmakingapartnershipWin-Winsituation:Determinewhetherbothsidescangainafairadvantagefromtherelationship
Needtodisperserisks:Determinewhetherthereisaneedtoavoidriskswithincertainpartsofthebusinesssystem(e.g.massiveinitialinvestment)Typesofpartnership
Non-bindingpartnership:Bothpartiescanendthepartnershipquicklyandeasily
Closepartnership:Canendthepartnershiponlyunderagreementfrombothpartieswhenthereisahighdegreeofinterdependence
Selectfieldforpartnership:ExplainwhythereisaneedforpartnershipintheselectfieldSelectpartnercompany:Comparestrengths/weaknessesofthepartnerMakeorBuy
Definecoreskillsforeachprocessinthevaluechain
Decidewhetheritisbesttocarryouttheindividualactivitiesbyyourselforwhetheroutsourcingisabetteroptionbasedonthesecriteria;strategicsignificance,suitability,andavailabilityIfoutsourcingisyourchoice,comparepotentialvendorsorsuppliersWritingabusinessplan
29NeedforpartnershipMakeorBuHasthekeyvaluecreationfactorinthevaluechainbeenindicated?□Partnership
Hastheneedforpartnershipbeenclearlyexplained?
Haveyoucomparedpotentialpartners?
□ValueChain
Isthevaluechainfullyexplained?Isthecostineachvaluechainobjectivelyexplained?□MakeorBuy
Haveyouspecifiedwhichactivitiesyouwanttohandleyourselfandwhichshouldbecarriedoutbythirdparties?
Haveyoucomparedpossiblewaystoforgepartnership?
Haveyouexaminedwhetherthepartnershipgivesequalbenefitstobothsides?
Haveyouexaminedfeasibilityofyourbusinessfromtheviewpointofstrategicsignificance,suitabilityandavailability?
Haveyoucomparedpotentialsuppliersforoutsourcing?
CheckList(BusinessSystem)
YesNoWritingabusinessplan
30HasthekeyvaluecreationfaOrganizationExplainorganizationalstructurenecessaryforeachstageofthebusiness(showorganizationalchart)MaintainTFTformatduringtheincubatingstageofthebusiness.SeparateintoanindependentbusinessunitoncetheoperationisinfullswingDescribemissionsandfunctionsofeachorganizationalunitHRDescribeskillsandqualificationsrequiredoftheteamleadersandmembersSetupKPIforperformanceevaluationofteamleadersandmembers
Suggestwaystorewardoutstandingteamleadersandmembers
Showrequirednumberofpersonnelaccordingtoeachorganizationalunit/rankWritingabusinessplan
OrganizationandHR31OrganizationWritingabusine
Isthereenoughbackgroundfortheorganizationalstructure?HaveyouselectedKPIforperformanceevaluationofteamleaders/members?
DoestheKPImatchthemissionsandfunctions?
Haveyoupresentedanorganizationalchartaccordingtoeachbusinessstage?
Haveyoudetailedfunctionsandmissionsforeachorganizationalunit?□HR
Haveyoudescribedtheskillsandqualificationsrequiredofeachbusinessunitleader?
Haveyousuggestedwaystorewardoutstandingteamleaders/members?
Istheorganizationstructuresuitableforspeedydecisionmaking?
Haveyoudescribedtheskillsandqualificationsrequiredofeachunitteammember?
Haveyouindicatedwhetheryouwillutilizeyourownoroutsidepeopleasteamleaders/members,andgivenrationaleforyourchoice?
Havethenumberofranksbeenminimizedasmuchaspossible?
Writingabusinessplan
CheckList(OrganizationandHR)YesNo□Organization
32IsthereenoughbackgroundfoAnalyzetheopportunitiesandrisksinvolvedinthenewbusinessandpromoteriskmanagementandopportunityuseRiskanalysisAnalyzethefundamentalrisksrelatedtothemarket,competitionandtechnologicaldevelopmentforthenewbusiness
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