Business Plan Short & Long Cycles and Analysis

NB: We do not resell your papers. Upon ordering, we do an original paper exclusively for you.

NB: All your data is kept safe from the public.

Table of Contents

Introduction
Short Cycle
Long Cycle
Analysis Cause and Effect
Constraints and Opportunities
Qualitative and Quantitative Analysis
Alternatives
Decision Criteria
Assessing Alternatives and Select Recommended Action
Action and Implementation

Introduction

A business plan can be an essential aspect in directing the processes, aims, and objectives of a venture. It sets up the procedural and management tactics that each achievement in a proposed firm can be made. Essentially, these plans allow investors gain confidence to issue funding and buy shares for the promising businesses. Therefore, it is neither surprising nor obvious that while some businesspeople try to collect information in a bid to validate the businesses, other perform minimal assessment and quick survey to start them stringently. This paper presents the different ideologies as depicted from experiences of businesspersons.

Short Cycle

Who is the decision maker?

In each of the descriptions made, the person possessing the idea is a decision maker. He or she determines how and when the plan is performed. In fact, the person owning the idea for the business plan, also termed as the founder, chooses its stringency and process. In this respect, this case has such founders of business plan like Jeff Hyman and Mandy Williams.

What is the main issue/problem/opportunity?

The main issue discussed by the case involves handling business plans. It involves managing time for planning and implementing the plans. The case informs on the various distinct and somewhat contradicting problems. However, there are recommendations given in order to exclude the faults made by the planners. In this regard, they offer opportunities to carry out reliable plans for business implementation.

Why has the issue arisen?

The issue has been introduced by the fact that a strict planner compiles a document of 150 pages to get a funding of $500000 whereas another makes 2 pages to get $2.7 million. The issue also addresses the differences put forward by the steps of planning business which depict many debatable issues.

When must a decision be made urgency?

Decisions for implementing ideas should be made once the market and progress of a business are set. The case argues that the time given to the evaluation of the plan should not take long as it may seem hesitant. Urgent decisions may be made prior to stringent changes in the market orientation or delivery of better opportunities during the implementation process than in the plan.

Long Cycle

Issues

The planner must set a schedule for his or her planning study as well as estimate its length and funding expectations. In this respect, length of document occupies a medium strategic importance to the firm. However, the funding demands a topmost or high strategic significance since it is core to the implementation and progress. Finally, the plan should take a medium-term which is not too little to allow presence of errors and not too long to bypass the significance of prevailing markets and strategies being used.

Basic Issues

The basic issues include business implementation and sustainability. In essence, a business must be directed towards attaining viable idea. This part should verify that a product or service is needed in the market, and people are willing to pay for it. If the need is present in the market, the budget corresponding to the plan, aims, and objectives are laid down rationally. The plan should mention the team to build and market the products to achieve the mission alongside their qualifications for future career paths and retention of workforce.

Even with these systems, a firm cannot function properly if there is no human resource to address the needs of clients at all times. A customer care or support system ensures that client needs, complaints, and suggestions are handled properly at all time in order to ensure satisfaction and loyalty. Finally, response and interview with the customers regarding product is made to ensure that all aspects are covered within a product.

Analysis Cause and Effect

Market and procedural dynamic cannot allow long term for planning most businesses. As time passes, the ideas are identified by other investors where they may be stolen and patented. Time allows changes in the needs of people and their demand. It may involve the introduction of compliment products or services among other factors that may change during the planning processes. Furthermore, the experiences and skills of the person in charge of the planning may undermine the results. In another perspective, the prevailing ideologies within the studies on business planning have become confusing due to their bulk.

The case shows that planners invest too much time without significant returns. While Hyman spent 6-8 months to compile his plan, William took 4 months to handle a plan of 2 pages. The case suggests that the time spent should reduce as well as the pages require for delivering the whole ideology. Finally, the case reveals that exhaustive business plans can be overrated or facilitate discouragement to the investors when reading.

Essentially, the case discusses various ways in which a setup for business planning can be performed while laying the basic innovation issues. It describes how development and manipulations can be performed to fit the arising issues. The business must be flexible to accommodate new idea and seek new markets. In fact, the objectives of a firm must not prevent the business from developing distinct and new opportunities even if they are not in the initial course of the plan.

Furthermore, the HR department hires people who can perform satisfactory work. In addition, the workforce can also be subjected to training programs which ensures that employees are conversant with the organizational processes. All these aspect depict that the case seeks to reveal the qualitative nature of business planning. It provides resolutions on how well a business can be planned and implemented through identifying the fault lines and sealing them accordingly. Moreover there are resources required for planning including the survey funds. Finally, there are other causes associated with methods of planning. The planning can follow procedures or be subjected to poor results on the study that may lead implementation of unreliable plans.

Constraints and Opportunities

All businesses do not have similar ideas and complexity. The length of a document may be related to the complexity of the business being proposed. For instance, small businesses do not demand a lot of description for some of the processes. In fact, such plan may have few sub topics to be discussed in the plan. In other cases, the complexity of a plan and its strictness demands that the plan perform thorough investigation to identify any faults and the recommended resolutions. The plan is subject to failure. This aspect warns the planners and investors making decisions on the plans restrain from funding or implementing a plan without prior investigations.

However, it is commendable that the risk is accompanied by possibilities of progress and promising outcomes. A business plan may give investor and planners the confidence to fund the project. It may discover unexploited markets to services and products, which explain the stepwise strategy and depict seriousness in the business mission.

Qualitative and Quantitative Analysis

The case exposes the various aspects of managing qualitative approaches of business planning. They cite aspects such as exhaustive plans, timely completions, and testing of market for product and service viability. On the other hand, there are certain aspects involving the arrangement of budget that incorporate quantitative financial analysis. It dictates how much funds are required at a particular time.

Alternatives

A satisfactory way to neutralize the causative factors includes studying the market, employing enough human resource to conduct the survey in order to implement the plan within the shortest time possible. The business can start as a small business demanding fewer funds for start up in order to test the market and establish new weaknesses within the plan.

Decision Criteria

The final decision is made as the presentation is handed for critics and assessment. It must be considerate of the returns and duration of rewarding investors. In addition, the components of the market and its progressive share over time are stipulated.

Assessing Alternatives and Select Recommended Action

The investors may recommend changes or gather insights as well as innovative ideas to implement a plan in a way they deem reliable. The CEO together with the selected board of directors commences a management procedure involving the employees and manager of the company. The CEO directs all the managerial operation of such a business depending on the proposed plan. In most cases, the operations may take the cause directed by the business plan.

Action and Implementation

The planner takes a business opportunity to potential investors and requests funding. Once the investors uphold the validity of the plan and subject their interests in funding the business, the implementation processes commence.

Click Here To Order Now!