Developing and Implementing the Business Plan - Virtual Learning

Why Attend

The course introduces a pragmatic and process-based approach to developing and implementing business plans. The course offers participants the tools to transform ideas into strategic goals and to outline the operational and financial strategies needed to achieve these goals. The course expands on how to use the business plan as a communication, negotiation and persuasion tool. This is critical when collaborating across different aspects of the business plan is required.

Course Objectives

By the end of the course, participants will be able to:

  • Explain the importance of a well-thought-out business plan for the success of the organization
  • Describe the structure of a business plan and how it caters to market and organizational needs
  • Apply the business plan development process to create a well-structured, convincing business plan covering all vital elements
  • Develop a business plan that includes a detailed, practical and effective implementation strategy
  • Evaluate the progress of the implementation of the business plan and take necessary corrective steps

Target Audience

Department heads, senior managers, managers and supervisors, project managers, team leaders, sales managers, marketing managers, entrepreneurs and others who would like to develop their business planning skills.

Target Competencies

  • Creative thinking and business planning
  • Collaboration and teamwork
  • Market and situation analysis
  • Financial analysis, forecasting, and break-even analysis
  • Resource scheduling and budgeting
  • Communicating and presenting
  • Understanding the Business Plan
  • Business Plan Overview
  • Developing the Business Plan
    • Mapping vision, mission, and values
    • Conducting a situation analysis
    • Setting goals, objectives, and business strategies
    • Developing tactics, programs, and action plans
    • Forecasting, pricing, and applying break-even analysis
    • Sourcing, allocating and scheduling
    • Understanding basic financial concepts
      • The income statement
      • Balance sheet
      • Cash-flow analysis
      • Program Budgets
    • Writing the executive summary
    • Creating appendices and references
  • Implementing the business plan
    • The communication phase
    • The controlling phase
    • The corrections phase
    • Staying away from common business plan mistakes
  • Concluding the business plan
    • Reporting on the progress of the business plan
    • Understanding the different types of business plan reporting
    • Deciding who needs to know
    • Agreeing on what needs to be reported
    • Maintaining quality in reporting
    • Setting the frequency of reporting

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

MPC
Per participant

USD 1,750

Fees + VAT as applicable

Tax Registration Number : 100239834300003

Online Training

26 - 28 Oct, 2020

English

10:00 to 14:00 (UAE)

9:00 to 13:00 (KSA)