PLANNING

1
PLANNING

• Managers job includes Manage Risks
• Anticipate problem areas (look ahead)
• Follow through after (changes, details)
• Planning happens within context of strategy.

2
Budgets

• What happens to a company that cannot pay its
  bills?
• Budget Financial plan
• Budget means purse (literally a pigskin)
• Budget communicate, coordinate, expectations,
  performance, move people

3
Objectives and Direction

• Must have objectives that management wants
  achieved
•     Direction--Drive to group processes
•     What happens to a company that drifts?
• Must be pulled from the top.
• Planning processes can be from top-down or bottom
  up, but really must have top direction.

4
Details

• Too little planning
• Surprises, run out of cash, little direction
• Too much planning
• -rigid, inflexible, initiatives lost, loses
  substance
• -gets in the way of good management, kill it.

5

• What is padding in a budget?
• Security
• Uncertainty
• What if budget achievement too easy?
• What if challenging?
• What if impossible?

6

• Continuous improvement approaches--rolling
  averages of past, small improvements
• When things are real stable graveyard--easy to
  plan
• Who needs a plan?
• Who needs a manager?
• Just need a caretaker, no big changes.
• You need a plan a manager when it is hard to
  plan
• Uncertainty/turmoil/threats
• Growth/opportunities
• Need to cause big changes