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Related Experiment Videos

How to devise a winning business plan.

B C Ames

    The Journal of Business Strategy
    |April 9, 1989
    PubMed
    Summary

    Develop winning strategic operating plans with actionable insights. This guide ensures your business plan becomes a valuable management tool, not just a document.

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    Area of Science:

    • Business Strategy
    • Management Science
    • Organizational Planning

    Background:

    • Strategic and annual operating plans frequently fail to serve as effective management tools.
    • Many existing planning frameworks lack practical substance and actionable components.

    Discussion:

    • This content outlines a methodology for creating robust strategic operating plans.
    • The approach emphasizes practical application and integration into daily management.
    • Focuses on transforming plans from static documents into dynamic management instruments.

    Key Insights:

    • Effective strategic planning requires a focus on substance and actionable steps.
    • A well-structured plan enhances operational efficiency and decision-making.
    • The Uniroyal Goodrich executive shares insights from practical implementation.

    Outlook:

    • Implementing a results-oriented planning process can significantly improve business performance.
    • Future strategic planning should prioritize adaptability and measurable outcomes.
    • This framework offers a scalable model for enhancing organizational effectiveness.

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