Fulfillment

Creating your own business there will always be certain plans, analyses, costs. An important aspect is the implementation of the business plan. The implementation of the business plan is very important. In this aspect, it is necessary to competently assess the timing of the individual stages and choose reasonable ways to implement them. 

The following stages can be noted in the implementation of the business plan:

  • financial planning
  • acquisition and transfer of production technology
  • contract preparation
  • preparation of bidding documents
  • construction works
  • installation of production equipment and purchase of necessary materials
  • Staff training and assignment
  • production start-up

Stages of implementation of the business plan will not always be performed step by step and strictly follow one another. There is a huge number of intersections, as well as simultaneous execution. Concluding stage of implementation is always an analysis and evaluation of the tasks set and carried out in a business plan, well, it is desirable that the verdict came out positive. 

But the implementation of the business plan is not the only important realization of things in business. Business process is a cumulative sequence of actions to transform the resources received at the input into the final product, which has value to the consumer, at the output.

Due to this definition, it becomes clear that business processes exist within each organization, regardless of whether they are formalized or not. An organization may adopt a functional approach to management, which views the company as a set of departments, each of which performs certain functions.

When mapping a business process, the popular question formula 5W1H should be used:

  • Who? Who does this operation?
  • Why? Why or why is this operation being performed?
  • What? What is the operation?
  • When? When?
  • Where? Where is the operation done?
  • How? How is the operation done? Could it be done differently or improved?

If the map is too complex – this is a signal that in the management of the organization is not in order, which in turn indicates the complexity of the implementation of the business process, that is worth structuring everything initially, so that later everything will come out with a positive result and no confusion. 

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