Business Plan Implementation
A vital stage in business planning: business plan implementation. Here is where the business plan implementation puts theory into practice. If theory and practice do not come together, the plan will remain on the drawing board. The business plan must be implemented with due regard to deadlines set. The responsibility of each individual involved in the plan must be clearly delineated. The implementation plan must form an integral part of the business plan. The manager must have a clear idea of the practical impact of his business ideas.
Business Plan Implementation Steps
- Establishing the business objectives
- Defining and assigning the tasks needed to attain the objectives set
- Setting out a timescale
- Monitoring activities and progress