Business Planning and Financing: The Nuts and Bolts of a Strategic Plan

Business Planning and Financing: The Nuts and Bolts of a Strategic Plan

Business Planning and Financing: The Nuts and Bolts of a Strategic Plan

Business Planning and Financing: The Nuts and Bolts of a Strategic Plan

Synopsis

THE NUTS AND BOLTS OF STRATEGIC BUSINESS PLANNING AND FINANCING is a short course designed for engineers and technicians. It fills a gap left by technical education curricula. The book is concise and leaves out all unnecessary elaborations or deviations from the subject. Yet it is complete because it covers also important problems left out even from formal business education courses. It also introduces a new approach to planning and optimizing with a Strategic Planning Graph. The chapters are designed for three groups of readers Managers and Engineers involved in taking calculated risks but unfamiliar with accounting and finance. do not need to master the art of accounting, but you need to master the art of using accountants.

Excerpt

The word [plan] is derived from the Greek word [planasthai] which means wandering around without obstacles, like the [planets] do. The later word [PLANUS] became the old English word [PLAIN,] meaning [level country,] or [an area that is free from impediment to the view.] Still later, it also meant [something that is evident to the mind.]

For our purposes, a PLAN indicates an orderly arrangement of all parts of an objective, so one can see and understand the whole project from beginning to end and wander around it in one's mind and visualize its execution or theorize improvements to it.

So, for the manager, a PLAN is the formulation of a program of actions, a method of doing things to reach a goal, expressed in [plain] language, so that it is simple to understand by all concerned and therefore makes it easy to coordinate the actions of everybody with those of the leader.

A PLAN consists of clear goals, policies, and procedures to get from where you are to where you want to be.

2. What differentiates STRATEGIC from TACTICAL ?

The root of the word [STRATEGIC] is the old word [strath,] which meant originally [a flat, wide river valley.] A STRATH became to mean more generally [an easy way to move troops in a mountainous terrain]. If a general happened to be familiar with all the STRATHS of an area, he had an advantage in figuring out an efficient way to move and position his forces, transport all needed support and meet the enemy in combat under favorable conditions. The old Roman Emperors appreciated a very [Strath-wise] general; they called him a [Strath-egist.] A STRATEGIC PLAN is a cleverly contrived idea for gaining an end.

-[Strategic] changes are changes in the scheme itself. They are difficult to make during the operation. However, a final scheme should incorporate some flexibility.

-[Tactical] changes, on the other hand, are [amendments in the method to execute your scheme or in the method of employing your forces]. Tactical changes may become imperative as actual conditions and unforeseen circumstances materialize. The tactical plan is less fundamental than the strategic plan.

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