Key elements for improving business plan execution Implementing high-performance business processes takes knowledgeable people, sustainable processes and the right tools.
Business Plan Execution Process Improvement
Technology to support business plan execution
- Executive sponsor
- Project team leader
- Project team
- Process owner
- Process participants responsible for process input
- Process participants who use process outputs
- Assess business
- Develop plan
- Test for constraints*
- Deconstruct into executable elements*
- Establish performance measurements*
- Execute plan
- Collect measurement data*
- Conduct plan review*
- Evaluate and reward participants*
- Refine and update plan
Technology to support business plan execution
- Business plan management tools, for tracking and managing key elements via a Web-based database application; see example
- Microsoft Office applications, like Excel, for tracking business plan execution elements
- Employee performance management tools
- Balanced score applications
- Accounting reports
- Database applications to collect and report on key performance indicators
- Manufacturing system reports
- Product development system reports
- Customer management and sales systems reports
- Human resource management reports
