...MANAGE OPERATIONAL PLAN BSBMGT515A Table of contents 1. Introduction (1) 2. Operational planning within The Iconic (2) 3. Components of operational plan (3) 4. Budgets (4) 5. Forecasts (5) 6. Environmental Scanning (6) 7. Key performance indicators (7) 8. Acquire Resources (8) 9. Monitor Operational Performance (9) 10. Monitor and review operational performance (10) 11. TOWs analysis on The Iconic (11) 12. Summary (12) 13. Reference list (13) Introduction (1) Planning means factoring in all aspects of what needs to happen in the future in order to ensure that it all gets done in the time available. In a business environment we use operational plans to ensure that targets are met within given timeframes and to satisfactory quality standard. There are three types of plan used at different levels within an organisation: * Strategic plan * Business plan * Operational plan The strategic plan is developed for long-term planning and covers a period of about five years. The strategic plan specifies the missions and goals of the organisation including decisions on how resources, both capital and human, will be allocated to meet organisational goals. A business plan sits between the highest-level plan (the strategic plan) and the operational plan. A business plan is a formal statement of a set of business goals and objectives that are to be achieved to meet the strategic objectives of the organisation. The...
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...Operational Plan James Sweeney MGT 601 The Functions of Modern Management Professor Dr. Key Baron Smith July 13, 2015 For the purpose of this paper we are going to assume that the Strategic and Tactical Plans are aligned with the operational plan. The operational plan is then the implementation plan of the Strategic and Tactical plan that has been developed and approved by mid and upper management. The name of the company is Sweeney’s Medical Device Inc. and employees approximately 200 employees and has annual; sales of $90 million.. The company has one manufacturing facility that is located in the United States. The company produces and manufactures medical instruments that are affordable for the medical industry. The following is a brief review of the planning process, vision, mission statement and values of the company are as follows: For a brief review the operational plan can be defined as a plan prepared by a component of an organization that clearly defines actions it will take to support the strategic objectives and plans of upper management. However, to fully understand operational plans, we should first look at the overall planning process within a business. This diagram shows three levels of planning. Type of Plan | Created By | Scope | Includes | Level of Detail | Strategic plan | Top management | Entire organization | Mission of the company, future goals and ambitions | Very broad and general | Tactical plan | Mid-level management | Single...
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...Question .1 You as an investor had purchased a 4month call option on the equity shares of X ltd of 10, of which the current market price is Rs. 132 and the exercise price is Rs. 150. You expect the price to range between Rs. 120 to 190. The expected share price of X ltd and related probability is given below. Expected price | 120 | 140 | 160 | 180 | 190 | probability | .05 | .20 | .50 | .10 | .15 | Compute following 1. Expected share price at the end of 4months 2. Value of the ex call at the end of 4 months, if the exercise price prevails 3. In case the option is held to maturity, what will be the expected value of the call option? Question 2 Yes limited wants to aquire No ltd and the cash flows of Yes ltd and the merged entity are given below Rs in lakhs | Year | 1 | 2 | 3 | 4 | 5 | Yes ltd | 175 | 200 | 320 | 340 | 350 | Merged entity | 400 | 450 | 525 | 590 | 620 | Earnigs would have witnessed 5% constant growth rate without merger and 6% with merger on account of economies of operations after 5 years in each case. The cost of capital is 15%. The number of shares outstading In both the compaines before the merger is the same and the companies agree to an exchange ratio of 0.5 shares of Yes Ltd for each share of No Ltd. Pv factor at 15% for t years 1-5 are 0.870, 0.756, 0.658, 0.572, 0.497 respectively. You are required to 1. Compare the value of Yes Ltd before...
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...Strategic and Operation Plans MGT/521-Management Strategic and Operational Plans Planning involves defining the organization’s goals, establishing strategies for achieving those goals and developing plans to integrate and coordinate work activities (Robbins & Coulter, 2012). Before planning can occur, review the mission and/or vision statement as the goals will reflect those statements. Another important aspect to planning is performing a SWOT analysis. A SWOT is an internal and external analysis of the organization’s strength, weakness, opportunities and threats. After a SWOT analysis has be performed, managers are ready to develop the strategic and operational plans by exploiting the strength and opportunities and reducing the threats and fixing the weaknesses. The strategic and operational plans will be based on the SWOT analysis. Strategic Plans The strategic plans establish the organization’s overall goals. For Pfizer, that is to be the premier innovative biopharmaceutical company. There are several way Pfizer can achieve that goal. One is by its large acquisition deals that will strengthen its R&D pipeline portfolio in the different therapeutic areas. Another is by utilizing this strong commercial infrastructure and sales infrastructure. Utilizing their external stakeholders such as doctors and patients, to gather information on their products via their sales force. The organization is well diversified geographically. A balanced revenue...
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...ESPN OPERATIONAL AND STRATEGIC PLAN Arthur D. Grimes MGT 521 July 29, 2013 Thomas Vincent ESPN OPERATIONAL AND STRATEGIC PLAN The United States number one broadcasting network whose emphasis is sports is ESPN. ESPN is a multimedia, global sports entertainment company that operates eight television networks, a radio network, and a magazine and has an estimated 150 million subscribers in 200 countries according to ESPN Parent company Walt Disney May 2012 SWOT analysis ESPN and its ‘sister’ networks had a net profit of $4,807 million with overall revenues of 40,893 million. Based on the SWOT analysis ESPN strategic plan is to secure as many live sporting events to broadcast that will increase ratings compared to other sporting networks. ESPN has ventured into numerous markets outside of the traditional sports of baseball, basketball and football. ESPN showcases golf, volleyball, racing, lacrosse and the amazing x-games. The strategy for collegiate football for ESPN is to show major football subdivision, the highest level of NCAA or simply known as division 1A, along with the smaller division football championship subdivision games that could bring ratings to a peak. Duer Sharp, commissioner of the Southwestern Athletic Conference, spoke about the 2013 football television schedule primarily based on ESPN’s college sports network ESPNU. "Not only will SWAC fans be able to see the games nationally, and in high-definition, but they will enjoy the analysis from the networks...
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...Assessment 2 Assessment 2 Developing a Human Resources Plan TABLE OF CONTENTS PART A 2 1. The Types of Matters in a Human Resource Plan 2 1.1 Some matters of the human resource and their solutions 2 1.1.1 Human resource issues in counsel and the possible solution 2 1.1.2 Human resource issues in employment management and the possible solution 2 1.1.3 Human resource issues in Administration and the possible solution 2 1.1.4 Human resource issues in training and the possible solution 2 2. Job Description of Human Resource Plan 3 3. Preparing a Job Advertisement 4 3.1 Job Advertisement for Marathon Company 4 4. Detail the Cost of Hiring an Employee 4 5. Selection Criteria and interview Questions 5 5.1 Selection criteria from the sales position Questions 5 5.2 Interview Questions 5 6. Reference Checking 5 7. Preparing a Job Offer 6 8. Mentoring and Coaching Program for the New Staff Member 7 9. Three months probation review 7 9.1 Records of Review 8 10. Monitoring and Review of a Human Resource Plan 8 PART B 9 1. Expenses for the new operational plan 9 2. Monitor performance of the staff to increase productivity 9 3. Budget of the company and its use 9 4. Documentation used for developing a business budget 10 5. Tables of financial figures 10 References 11 PART A 1. The Types of Matters in a Human Resource Plan Human resources is directly related to the performance of the organisation identifying and planning...
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...Manage Operational Plan CTH01019QB 1. List some of the details outlined in an operational plan. a. Research and analyse document resource requirement (tangible and intangible) b. Develop and or implement consultation processes as an integraf part of the operational planning process. c. Ensure details of the operational plan include the development of key performance indicators to measure organization performance d. Develop and or implement contingency plans and GAP analysis e. Ensure the development and presentation of proposals for the resource requirement is supported by variety of information sources and seek specialist advice as required f. Obtain approval for plan from relevant parties and ensure understanding among work teams involved 2. Broad consultation with other members of the organization, from team members to senior management is a good way to contribute to the success of operational planning. When, in the planning cycle should it be carried out? What outcomes would you be looking to achieve from this process Broad consultation should be on going from the beginning, in order to ensure active outlined in the operational you should actively consult with team members about * The Organisation’s strategic plan * Activities outlined in the operational plan * How the outcomes of these activities will be measured * The timeframe the activities should be carried out in the roles and responsibilities of individual team...
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...The Products/Services Food Depot will sell same products as most supermarket stores with the quality and quantity care services as any other supermarket. This includes newspapers, magazines, soft drinks, fruit juices, sport drinks, hot and cold snacks, grocery items such as canned soups, microwaveable meals, condiments, bread, auto products such as fuel additives and cleaning supplies, pet supplies, paper products, toothpaste, etc. All products will be locally or nationally branded such as Frito-Lay, Coca-Cola, Jolly Green Giant, Charmin, Stouffer's, etc. Operational Plan Production Our products and services comes from local home growers along with other distributors Location and Site Selection There are several aspects to consider in determining a location. The store should be accessible to potential customers with ample parking. The vicinity to other businesses and traffic are both important factors. The is a desire to pay our rent for the business whether we decide to purchase or sign a lease term agreement. The final considerations in choosing our location will be based on (1) the community in which to locate and (2) the specific site within the community. Selecting a site location for a grocery store is extremely important for our success. The location for our retail operation can cause the business to become a success or failure. We would be most incline to position our store toward the high traffic area with hopes of producing a constant flow of...
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...Sandstorm State School Operational Plan Sandstorm State School promotes the inspiration, creation, investigation and celebration of knowledge. An ethos of pride, respect and achievement of goals is commonly valued by all, influencing our choices in learning and building relationships. 2014 Fish, Jane Sandstorm State School 5/19/2014 Table of Contents 1. Vision Statement 2. Objectives 3. Contingency Planning 4. Staff Resource Plan 5. Asset Resource Plan 6. Operational Review Values and Beliefs within Our School We believe quality teaching and learning is enhanced when LEARNERS: * are valued * are challenged with success * see purpose in learning * derive enjoyment * want to learn * are responsible * are active participants We believe quality teaching and learning is enhanced when TEACHERS: * are enthusiastic and competent * provide appropriate role models * accept responsibility * are caring * cater for individual needs * extend learners We believe quality teaching and learning is enhanced when PARENTS: * participate in school activities * have an active role in education * are supportive * communicate with their child We believe quality teaching and learning is enhanced when the SCHOOL: * is welcoming * has high expectations * provides a secure, caring, challenging environment * has clearly defined goals * is open and informative ...
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...SWOT Analysis TD Bank As a current employee of TD Bank, having to conduct a Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis on a company I am a stakeholder, I have a knew perspective on how strategic and operational planning has effect on me. As a part of management understanding the strategic vision of the company will enable management to effectively carry out the operational mission thus ensure all internal and external shareholders whether unique customer service, communicating across the social media with customers and employees, produces What’s In IT For Me (WIIFM) experience which means revenue. TD Bank strengths rely upon their ability to WOW their customer base with being Americas Most Convenient Bank, providing a unique branding within the banking community. Proven business models they have ignored. The only bank that stays open until 8 pm, provides doggie stations equipped with water and snacks for customers animals, and is open most holidays. In the state of South Carolina in which I live and work, The South Carolina TD Bank Campus is the only bank owned property and is the jewel of the TD Canada and TD US. The company has brought the largest amount on professional banking jobs in largely manufacturing state. Community involvement the bank has it. There is a TD Convention Center which hosts most major indoor invents in the state. However, there are always vulnerabilities. Weaknesses exist in every facet of the banking industry; however...
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...August 2014 ~ v1.0 August 2014 ~ v1.0 Employee Benefits Operational Plan Employee Benefits Operational Plan Contents Contents 2 1. Introduction 3 2. Context 3 1.1. Environment 3 1.2. Industry 4 1.3. Stakeholders 5 1.4. SWOT 6 3. References 9 4. Annexures 10 8.1. Annexure A: PESTEL analysis 10 8.2. Annexure B: Porter’s Five Competitive Forces 11 8.3. Annexure C: SWOT analysis 12 1. Introduction The Employee Benefits operational plan sets out the short-term objectives for the business unit (also referred to as company) for the next 12 months. It aims to identify what needs to be accomplished in order for the company to meet its strategic objectives and it does so by identifying and outlining those activities that need to be implemented. 2. Context The following section provides background for the focus, decisions made and activities selected in the operational plan for Employee Benefits. 1.1. Environment An environment analysis focusses on the external and uncontrollable factors that influence an organisation (Peters [sa]). PESTEL is a common macro environment analysis tool which looks at factors from political, economic, sociocultural, technological, environmental and legal aspects and Vitez (2014) explains that such a macro environmental analysis helps create a strategy that leverage as many of these external factors as possible to the company’s advantage. The PESTEL analysis for Employee Benefits has identified...
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...Introduction Benjamin Franklin is accredited for the saying “By failing to prepare, you are preparing to fail.” Winston Churchill is accredited for saying "He who fails to plan is planning to fail." Both are correct and relevant in today’s business environment. Planning is the cornerstone of any successful business. Today’s planning is governed by two leading processes, strategic and operational planning. I will review the attributes that both plans embody with relations to SWOT analysis conducted on Liberty Global Inc. Strategic and Operational plans for Liberty Global Inc. Strategic planning is a top-down approach provided by top management that defines; goals, objectives, and direction of the organizations for the next three to five years (Robbins & Coulter, 2012). It lays the foundations for growth, improving productivity, and to improve return on investment for the organization’s investors. Operational planning details how the organization will accomplish the goals, objectives, and strategies outlined in the strategic plan. Operational planning is a bottom-up approach that addresses the needs and performance of the organization in the short-term, one-year and under. It addresses the question, what are we going to do this year and how. The operational plan should be reviewed on a regular basis to ensure that it is on target. Liberty Global is the leading international cable operator. The company operates in 13 countries across Europe and in Chile. The company has...
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...Operational plans of Emirates Airlines are the strategic plans that facilitate short term ways for achieving operational goals during the period of fiscal year. Operational plans in any organization are the basis for operations and justifications of budget in the strategic plans. Emirates Airlines aimed for future prospective in order to meet consumers' expectation and also contribute to the success of organization and to make the city as new aviation hub in the worldwide (Flight Operations). Description of Emirates Airline's Operation: The operational department handles several components at the operational ground within the Emirates Airlines. On the other hand, it is primarily emphasized on the safe, legal and efficient operations of airlines that include training and scheduling programs of Flight Deck Crew in order to meet regulatory requirements that can perform quality operations in the efficient, safe and customer friendly manner. Specifically, trained staff in the department plays vital role ion the recruitment of new flight deck crew. The technical unit of the organization is effectively surveying new routes, their performance and other required operational data to flight crew in order to ensure safe ground operation and air to the consumers (Flight Operations). The operations of flight department are comprised of the following divisions: We can help you to write your essay! Professional essay writers Our writers can help get your essay back on track, take a look...
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...Organizational Plans Brook Pritchard XMGT/230 May 22, 2015 Gary Cedrone There are three main types of plans that a manager will use in his or her pursuit of company goals, which include operational, tactical and strategic. If you think about these three types of plans as stepping stones, you can see how their relationship to one another aids in the achievement of organizational goals. Operational plans are necessary to attain tactical plans and tactical plans lead to the achievement of strategic plans. Then, in true planning fashion, there are also plans to backup plans that fail. These are known as contingency plans. Strategic plans are designed with the entire organization in mind and begin with an organization's mission. Top-level managers, such as CEOs or presidents, will design and execute strategic plans to paint a picture of the desired future and long-term goals of the organization. Essentially, strategic plans look ahead to where the organization wants to be in three, five, even ten years. Strategic plans, provided by top-level managers, serve as the framework for lower-level planning ("Types of Planning", 2015). Now that you have a general idea for how organizational planning evolves, let's look at the next level of planning, known as tactical planning. Tactical plans support strategic plans by translating them into specific plans relevant to a distinct area of the organization. Tactical plans are concerned with the responsibility and functionality of lower-level...
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...Topic 3 Chapter 5: Planning: The Foundation of Successful Management TOPIC 3 LEARNING OUTCOME TLO 1: To discuss the various types of uncertainties faced by an organization. TLO 2: To discuss the role of planning in handling uncertainties. TLO 3: To discuss the fundamentals of planning. TLO 4: To apply planning skills to set SMART goals and implement Management by Objectives. PLANNING Planning: previously defined as setting goals and deciding how to achieve them Another definition: Planning is coping with uncertainty by formulating future courses of action to achieve specified results. WHY NOT PLAN? Planning requires you to set aside time to do it You may have to make some decisions without a lot of time to plan THE BENEFITS OF PLANNING 1) Planning helps you check on your progress 2) Planning helps you coordinate activities 3) Planning helps you think ahead 4) Above all, planning helps you cope with uncertainty THREE TYPES OF UNCERTAINTY State Uncertainty: when the environment is considered unpredictable. Effect Uncertainty: when the effects of environmental changes are unpredictable. Response Uncertainty: when the consequences of a decision are uncertain. RESPONDING TO UNCERTAINTY Defenders: are experts at producing and selling narrowly defined products and services. Prospectors: focus on developing new markets or services and in seeking out...
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