• Establishing the business objectives
• Defining and assigning the tasks needed to attain the objectives set
• Setting out a timescale
• Monitoring activities and progress

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.
Steps

* Establishing the business objectives
* Defining and assigning the tasks needed to attain the objectives set
* Setting out a timescale
* Monitoring activities and progress

Hi

Document decision making steps

�Allocate resources

�Determine tasks and activities

�Develop a timeline

�Assign responsibility to specific individuals

Consider likely obstacles and alternate courses of action

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Hi

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.

Steps
Establishing the business objectives
Defining and assigning the tasks needed to attain the objectives set
Setting out a timescale
Monitoring activities and progress

Thanks

Time allocation: Each task should be paired with an appropriate time frame for completion. You should be aggressive but reasonable with your time allocation in order to ensure not just completion but competent work. For assistance in framing this timescale, use a program such as Microsoft Project, or just create your own Gantt chart – a helpful tool that shows how long it will take to complete different tasks and in what order the tasks should be finished.
Progress: You or a member of your management team needs to be in charge of monitoring each task’s progress and the completion percentage of each objective. When delays occur, try to get to the root of the problem. Did the person responsible drop the ball? Did he or she have too many responsibilities to handle? Did a third party, such as a supplier or the bank, fail to hold up its end of a deal? Adjust your Gantt chart appropriately to account for the delay, and make a note of the previous deadline and the reason it was missed.

Hi

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