Preview

business plan

Good Essays
Open Document
Open Document
1289 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
business plan
The Business plan LOTUS Sun-Block Cream
The Business plan could take hundreds of hours to prepare, depending on the experience and knowledge of the entrepreneur as well as the purpose it is intended to serve m It should be comprehensive enough to give any potential investor a complete picture and understanding of the new venture and will help the entrepreneur clarify his or her thinking about the business.

1. Introductory Page:
2. Executive Summary
3. Environmental and Industry Analysis
4. Description of Venture
5. Production Plan : The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. The planning phase involves forecasting demand and translating the demand forecast into a production plan that optimizes the company 's objective, which is usually to maximize profit while in some way optimizing customer satisfaction. These twin objectives are not always synonymous. During the scheduling phase the production plan is translated into a detailed, usually day-by-day, schedule of products to be made. During the coordination phase actual product output is compared with scheduled product output, and this information is used to adjust production plans and production schedules.

6. Operations Plan: Operational planning is the process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success and explains how, or what portion of, a strategic plan will be put into operation during a given operational period, in the case of commercial application, a fiscal year or another given budgetary term. An operational plan is the basis for, and justification of an annual operating budget request. Therefore, a five-year strategic plan would typically require five operational plans funded by five operating budgets.
Operational plans should establish the activities and budgets for each part of the organization for the

You May Also Find These Documents Helpful

  • Good Essays

    Apush Dbq Research Paper

    • 908 Words
    • 4 Pages

    From the early beginnings of America to well into the nineteenth century, America has been dominantly an agricultural country. Farming and the country life have always been a great part of the American culture. Thomas Jefferson even expressed his gratitude for the farming class by saying…

    • 908 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Hrm/531 Operational Plan

    • 2203 Words
    • 9 Pages

    What is the purpose of an Operational Plan? What information or resources are required to develop an Operational Plan for a business? In your response include the main requirements to effectively develop and implement an Operation Plan.…

    • 2203 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    An operational plan, also known as an action plan, is derived from an organisation’s strategic plan. It is a more concrete, detailed document that outlines how the strategic plans of an organisation will be achieved in practice. It includes projects to be undertaken, actions, resource policies, responsibilities and timeframes. It outlines the actions teams/individuals within an organisation will take to achieve its objectives and also outlines any major projects within the relative time period. An operational plan will contain details of:…

    • 1283 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Manage Operational Plan

    • 3343 Words
    • 14 Pages

    An operational plan is an organisational planning document derived from the strategic plan. The strategic plan provides a high-level outline of the organisation’s mission, general direction and broad goals and the operational plan is a detailed document that outlines how the organisation’s strategic goals will be achieved in practice.…

    • 3343 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Operational plans are normally derived from strategic plans; a strategic plan provides formal long term direction for an organisation’s mission, objectives and strategies. These plans define…

    • 3672 Words
    • 15 Pages
    Good Essays
  • Powerful Essays

    An operational plan - Deals with what needs to happen to produce the products or services on a daily basis.…

    • 4534 Words
    • 19 Pages
    Powerful Essays
  • Satisfactory Essays

    Gcu Style

    • 472 Words
    • 2 Pages

    Hello everyone! My name is Nicole. I have tried to further my education several times in the course of about 11 years. I started with dual enrollment classes during high school, and I even tried an online school, but throughout my life I became easily distracted and fell into several traps. I am a fast learner that had issues like waiting until the last minute to complete assignments and paying for it later, but school is something that I enjoy, after I complete a class I feel like I’m one step closer to becoming successful.…

    • 472 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Strategic Planning

    • 3295 Words
    • 14 Pages

    Operational planning usually focuses on an annual cycle and requires the development of yearly objectives and plans. This becomes part of the annual budgeting process. Operational plans lay out how the hospital will move toward its future during that year. The future is described in the hospital’s strategic plan.…

    • 3295 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    MANAGE OPERATIONAL PLAN

    • 3195 Words
    • 10 Pages

    An operational plan focuses on the short-term objectives, what needs to be accomplished in the near future in order that the company can progress towards achieving its strategic objectives. Operational plans generally have a focus of less than one year and are quite detailed in terms of what needs to be implemented and how.…

    • 3195 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Business Plan

    • 4764 Words
    • 20 Pages

    Enclosed is the business plan in support of a loan request in the amount of $250,000 for start-up capital for our company #HashTag, Inc.…

    • 4764 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    The operational plan is an essential component to your business plan and it tells the reviewer how your going to get your product/service out to market. That is, how are you going to get your product out of the production stage to the doorstep of you target customer.…

    • 2634 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    It provides the what, who, when and how to complete these everyday tasks. Operation plans are implemented through individual performance objectives or standards of staff. It is a means of directing employees in the right direction of their task at hand and clarifies job expectations, resulting in effectively managing people performance.…

    • 2336 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    The operational phase concentrates in what way the tactical and operational plan will proceed and will contain detailed figures, closing date, team resolutions, and additional material that specifies who, what, when, where, and how the different department will perform its portion to accomplish the group's assignment linked to the strategic and tactical plans. (Johnson,…

    • 705 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Functions of Management

    • 882 Words
    • 4 Pages

    Planning as a managerial function requires specifying and setting goals to achieve and determining the steps in which to take to complete these goals. During the planning process, managers must make themselves aware of any economic conditions that may affect the future of the organization. The planning process consists of various types of planning such as strategic, tactical, and operational. Strategic planning involves critically examining the potential threats of competitors, analyzing the strengths and weaknesses of the organization as well as developing a plan to remain competitive. Tactical planning involves implementing the strategic plan of higher level management. Operational planning involves actions to promote the strategic and tactical planning and defines in detail ways to achieve the goals of the strategic and tactical plans.…

    • 882 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Foundations of Planning Q/a

    • 8544 Words
    • 35 Pages

    11. Operational plans specify the details of how the achievement of the overall objectives is to be obtained.…

    • 8544 Words
    • 35 Pages
    Powerful Essays