Preview

Factors affecting operational planning

Better Essays
Open Document
Open Document
1287 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Factors affecting operational planning
Factors affecting operational planning

In this day and age planning is key to any business startup, especially during these tough economic times. As we prepare a plan for any business many factors arise including the strengths, weakness, opportunities, threats and trends in any business planning. Let 's explore deeper to analyze the very important factors.

Strengths: Internal positive aspects that are under control and upon which you may capitalize.

Good examples of internal strengths are:

Company culture (e.g. known for promoting people from within)

Company image (e.g. positively viewed by local community)

Work experience (e.g. established methodologies for handling large projects)

Strong technical knowledge within your field (e.g. hardware, software, programming languages)

Specific transferable skills (e.g., communication, teamwork, leadership skills)

Personal characteristics (e.g., strong work ethic, self-discipline, ability to work under pressure, creativity, optimism, or a high level of energy)

Good contacts/successful networking

Interaction with professional organizations

Every organization has some strength. In some cases this is obvious, in other cases it is a matter of perspective. Regardless of the size of the company there will be strengths, if you are a global tier one supplier with facilities on four continents or a small mom and pop shop. The larger company could have a monopoly on the supply of a product and that is strength, because it is obvious. The mom and pop shop has the ability move fast to stay ahead of curve; this is a strength that is a good example matter of perspective.

It is clear that FedEx 's commitment to operational planning is a key component of the organization 's current and longstanding success. However, the company 's operational planning strategy is not without its weaknesses. FedEx has helped to create an expectation of the company as more than an overnight shipping heavyweight. It says so on the company 's



References: Batemen. (2003). Management: The New Competitive Landscape, 6th (p.6-29). The McGraw-Hill Companies FedEx (2005). Retrieved from the web on February 6, 2005 from www.fedex.com

You May Also Find These Documents Helpful

  • Good Essays

    Resume Dec 2013 1

    • 1503 Words
    • 10 Pages

    dependable, accountable, creative, positive attitude, detail oriented, quick learner, telephone etiquette, ability to get the job…

    • 1503 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    Strengths give a company a competitive edge by using the company’s resources to meet the needs of the company. Strength is the potential for funding by state, local, and federal funding. The company can develop a program for the children which will also helped the community and improve the lives of the children.…

    • 806 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Manage Operational Plan

    • 3343 Words
    • 14 Pages

    Information sessions allows for a greater understanding regarding the need for change, how the change will occur and the role that the individuals or teams will need to undertake. These sessions also provide increased commitment, agreement and staff morale.…

    • 3343 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Learning Outcome 1: Be able to align objectives of own area of responsibility with those of own organisation – this has previously been discussed and evidence passed on.…

    • 904 Words
    • 26 Pages
    Good Essays
  • Better Essays

    BUS 520

    • 1540 Words
    • 7 Pages

    My profile is quite unique to others. My personality characteristics are: progressive 21st century leadership, ability to sense vision in accomplishing goals through transformation and transaction with followers, somewhat intuitive, skilled in collaboration and problem-solving techniques, organized in ways time is on my side, love a mechanistic organizational design, and want the company culture I can grow professionally and career path in Human Resources with (Schermerhorn, 2012, p. W-34, 44, 48, 50, & 52-53).…

    • 1540 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    When conceptualizing a business it is important to make sure to create a high quality strategic plan. This plan will help to detail a company’s vision, mission, values, goals, and direction that will be desired once the company has been started. When deciding to start a new company one must decide the best type of business would suit someone as well as to be a successful company. Once this has been completed the strategic plan can be started.…

    • 1248 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Mr Fofana

    • 531 Words
    • 3 Pages

    _ Ability to set goals and able to work under pressure in a busy environment to deadlines and meet targets.…

    • 531 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Plan Marketing 499

    • 6682 Words
    • 27 Pages

    Starting a new/ successful business can be one of the hardest things that a person can do in their life. The business can come second to nothing in life , not even your family. This is often where people make the mistake and get in to deep. Planning is just the beginning but is the most important aspect of the whole process. According to Uggla and Filipsson developing a company brand is one of the most important aspects of starting a business also. They used examples like Adidas, H&M and Microsoft as good companies to look at as examples. A strong foundation to a business will be a huge help in making the business successful and profitable as quickly as possible.…

    • 6682 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    Operational Plan

    • 1655 Words
    • 7 Pages

    The human capacity and skills required to implement your plan, and your current and potential sources of these resources. Also, other capacity needs required to implement your plan (such as internal systems, management structures and engaged partners)…

    • 1655 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Krispy Kreme Swot Analysis

    • 2014 Words
    • 9 Pages

    Strengths are characteristics of the business or project that give it an advantage over other competitors. As a global…

    • 2014 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    My strong points from the Myers-Briggs inventory, I believe are being creative and great with words, works hard, and easy to get along with. These things are great for a workplace, because you need someone who will do a great and honest job, and will get along with everybody so there are no standoffs.…

    • 308 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Swot Analysis

    • 645 Words
    • 3 Pages

    When writing down strengths, it is imperative that they be considered from both the view of the firm as well as from the customers that are dealt with. These strengths should be realistic and not modest. A well-developed listing of strengths should be able to answer a couple of questions. What are the firm's…

    • 645 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Operational Plan

    • 536 Words
    • 3 Pages

    I need to start by setting up a new monitoring system with my staff and customers to monitor my sales and budget. The new system will help manage both of these. I will need all my managers and representatives to have computer logins or swipe cards to monitor everyday sales. Also I am going to set up a membership scheme with my customers, similar to ‘flybys’ so we can audit what our customers are spending and also to track the items being sold, this will help to monitor our popular items and also help with stock flow.…

    • 536 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Canon Swot

    • 282 Words
    • 2 Pages

    The strengths of a business or organisation are positive elements, something they do well and is under their control. The strengths of a company or group and value to it, and can be what gives it the edge in some areasover the competitors. The following section will outline main strengths of canon…

    • 282 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Gis Is Best for All

    • 392 Words
    • 2 Pages

    6th Months Project “Comparison of Digital Classification Techniques for Land use Land covers Mapping, at a Project MPCST Bhopal (M.P.).…

    • 392 Words
    • 2 Pages
    Satisfactory Essays