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Assessing and Improving Plans
Learn the process of assessing and improving plansPreview the first lesson free — get full access to all 23 lessons.
Advanced Provider : Mike Cheng 7 chapters · 23 Lessons · 1h 5m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Ensure your company’s long-term viability with a business plan developed after watching Assessing and Improving Plans. This Assessing and Improving Plans course will teach you the fundamentals of planning for a successful business. You will learn the skills, tips, and tricks you will need to succeed at creating a business plan and how to implement all your ideas into one comprehensive business model. This course will help you define long term business objectives and chart the course toward achieving them by formulating plans. You will also gain an understanding of when to update plans and how to adjust and assess progress accordingly to make sure it is relevant and supported by internal capabilities. Finally, you will learn to evaluate the results so you can identify the tasks that still need to be worked on in the future.
This course explains how to define your business objectives on a constant basis and the key metrics to measure projects’ progress. This course will show you multiple types of business plans, the basic elements of all business plans, and how you can assess and improve your own plans. This course also teaches you how to define long term strategy of your business and how to achieve the objectives. At the end of this course, you will be able to prepare the foundation to build onto your business plans with other plans, including succession and replacement plans, business expansion plans, and business turn around plans.
What You'll Learn
- Understand the elements of business plans and the basic components common to all of them
- Align your business plans with your company's strengths, resources, capabilities, and culture
- Study what effective execution of a business plan looks like by connecting strategy and execution
- Learn the fundamentals of creating a comprehensive business plan
- Practice writing a business plan and monitoring execution while measuring progress
- Evaluate results to identify tasks that still need to be worked on in the future
Key Takeaways
- The course teaches the fundamentals of planning for a successful business and how to implement ideas into one comprehensive business model.
- It explains how to define long-term business objectives, formulate plans to achieve them, and decide when to update and adjust plans so they stay relevant and supported by internal capabilities.
- It covers multiple types of business plans, the basic elements common to all business plans, and how to assess and improve your own plans.
- It addresses external and internal factors in planning, including customer and supplier demands, competition, substitution, new entrants, politics, regulations, technology, resources, capabilities, and company culture.
- It prepares the foundation to build onto business plans with other plans, including succession and replacement plans, business expansion plans, and business turnaround plans.
Frequently Asked Questions
What will I learn in the Assessing and Improving Plans course?
You will learn the fundamentals of creating a business plan, the elements of business plans, how to align plans with your company's strengths, what effective execution looks like, and how to practice writing a business plan. You will also learn when to update plans, how to assess progress, and how to evaluate results to identify tasks that still need work.
What topics does this course cover?
The course covers the purpose and importance of business planning, biased self-perception, resources, capabilities and company culture, customer and supplier demands, competition, substitution and new entrants, politics, regulations and technology, short term vs long term thinking, the idea funnel and choosing initiatives, aligning opportunities with resources and capabilities, connecting strategy and execution, accountability, incentives and rewards, managing change, and monitoring execution and measuring progress.
What skills does this course help me build?
This course focuses on business planning, including defining long-term business objectives, formulating plans to achieve them, and using key metrics to measure projects' progress.
What other plans does this course prepare me to develop?
By the end, you will be able to prepare the foundation to build onto your business plans with other plans, including succession and replacement plans, business expansion plans, and business turnaround plans.
How is the course structured?
The course runs from an Introduction through a Conclusion and includes lessons on planning, internal and external factors, strategy and execution, and several Test Your Knowledge checkpoints throughout.
Professional Certifications and Continuing Education Units (CEUs)
International Institute of Business Analysis (IIBA®)
Continuing Development Units (CDUs): 1.25
Project Management Institute (PMI®)
Professional Development Units (PDUs): 1.25
KnowledgeCity has been reviewed and approved by the PMI® Authorized Training Partner Program. Users can maintain your PMI credentials by earning PDUs from KnowledgeCity qualified courses in Project Management, Business Management, Leadership and many others.
