The Planning Cycle brings together all aspects of planning into a coherent, unified process. By planning within this structure, you will help to ensure that your plans are fully considered, well focused, resilient, practical and cost-effective. You will also ensure that you learn from any mistakes you make, and feed this back into future planning and Decision Making.
History[ edit ] Techniques to model business process such as the flow chartfunctional flow block diagramcontrol flow diagramGantt chartPERT diagram, and IDEF have emerged since the beginning of the 20th century. Still, these represent just a fraction of the methodologies used over the years to document business processes.
It was not until the s that the term became popular. In the s the term ' process ' became a new productivity paradigm. Process thinking looks at the chain of events in the company from purchase to supply, from order retrieval to sales, etc.
The traditional modeling tools were developed to illustrate time and cost, while modern tools focus on cross-functional activities. These cross-functional activities have increased significantly in number and importance, due to the growth of complexity and dependence.
New methodologies include business process redesignbusiness process innovation, business process managementintegrated business planningamong others, all "aiming at improving processes across the traditional functions that comprise a company".
In the Object Oriented approach, it was considered to be an essential step in the specification of business application systems.
Business process modelling became the base of new methodologies, for instance those that supported data collection, data flow analysis, process flow diagrams and reporting facilities.
Aroundthe first visually oriented tools for business process modelling and implementation were being presented. The term 'business model' is thus used for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.
In the most basic sense, a business model is the method of doing business by which a company can sustain itself. That is, generate revenue. The business model spells-out how a company makes money by specifying where it is positioned in the value chain.
Business process[ edit ] A business process is a collection of related, structured activities or tasks that produce a specific service or product serve a particular goal for a particular customer or customers.
There are three main types of business processes: Management processes, that govern the operation of a system.
Typical management processes include corporate governance and strategic management. Operational processes, that constitute the core business and create the primary value stream. Typical operational processes are purchasingmanufacturingmarketingand sales.
Supporting processes, that support the core processes. Examples include accountingrecruitmentand technical support. A business process can be decomposed into several sub-processes, which have their own attributes, but also contribute to achieving the goal of the super-process.
The analysis of business processes typically includes the mapping of processes and sub-processes down to activity level. A business process model is a model of one or more business processes, and defines the ways in which operations are carried out to accomplish the intended objectives of an organization.
Such a model remains an abstraction and depends on the intended use of the model.The Indian Institute of Planning and Management Offers Full time and Integrated Programme in National Economic Planning and Entrepreneurship and European Exchange Program with IMI in Business .
An effective management planning process includes evaluating long-term corporate objectives. Management planning is the process of assessing an organization's goals and creating a realistic. Business plan template and example: how to write a business plan: Business planning made simple - Kindle edition by Alex Genadinik.
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The Planning Cycle is a process that helps you to make good, well-considered, robust plans. The first step, the analysis of opportunities, helps you to base the plan firmly in reality. The second, definition of the aim, gives your plan focus. The Great Game of Business is the only business operating system that is proven to drive rapid financial results and lasting cultural change.
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