Management by objectives MBO is a process of agreeing upon objectives within an organization so that management and employees agree to the objectives and understand what they are in the organization.
While the origin of the open business plan model is in the free software and Libre services arena, the concept is likely applicable to other domains. An open business plan is a business plan with unlimited audience.
In the free software and open source business model, trade secretscopyright and patents can no longer be used as effective locking mechanisms to provide sustainable advantages to a particular business and therefore a secret business plan is less relevant in those models.
But costs are often underestimated and revenues overestimated resulting in later cost overrunsrevenue shortfallsand possibly non-viability.
Venture capital assessment of business plans - focus on qualitative factors such as team. Total quality management TQM is a business management strategy aimed at embedding awareness of quality in all organizational processes. Education K Business plans are used in some primary and secondary programs to teach economic principles.
Satires are used both to express cynicism about business plans and as an educational tool to improve the quality of business plans.
In non-profit organizations, creative tensions may develop in the effort to balance mission with "margin" or revenue. During the dot-com bubble this was a problem for many technology start-ups.
For example, Five Criteria for a successful business plan in biotech uses Dilbert comic strips to remind people of what not to do when researching and writing a business plan for a biotech start-up.
For-profit business plans typically focus on financial goals, such as profit or creation of wealth. Satires The business plan is the subject of many satires.
Non-profit, as well as government agency business plans tend to focus on the "organizational mission" which is the basis for their governmental status or their non-profit, tax-exempt status, respectively—although non-profits may also focus on optimizing revenue.
Depending on the amount of funds being raised and the audience to whom the plan is presented, failure to do this may have severe legal consequences. Revisiting the business plan Cost overruns and revenue shortfalls Cost and revenue estimates are central to any business plan for deciding the viability of the planned venture.
The Underpants Gnomes episode satirizes the business plans of the Dot-com era. The main causes of cost overruns and revenue shortfalls are optimism bias and strategic misrepresentation. Berkeley who sees humor as a critical tool that can improve the behavior of businesses and their managers.
The business plan is typically web published and made available to all. This situation is complicated by the fact that many venture capitalists will refuse to sign an NDA before looking at a business plan, lest it put them in the untenable position of looking at two independently developed look-alike business plans, both claiming originality.
Strategic planning For more details on this topic, see strategic planning. However the emergence of free software and open source has opened the model and made the notion of an open business plan possible. Not for profit businesses The business goals may be defined both for non-profit or for-profit organizations.
Total quality management For more details on this topic, see Total quality management.
In such situations one may need to develop two versions of the business plan: TQM has been widely used in manufacturing, education, call centers, government, and service industries, as well as NASA space and science programs.
The business plan itself is generally regarded as secret. Open business plans Traditionally business plans have been highly confidential and quite limited in audience.
Alternatively, they may require each party receiving the business plan to sign a contract accepting special clauses and conditions.
The better the business plan, the better your chances of landing that big initial investment. The primary difference between profit and non-profit organizations is that "for-profit" organizations look to maximize wealth versus non-profit organizations, which look to provide a greater good to society.
Management by objective For more details on this topic, see Management by objectives. Legal and liability issues Disclosure requirements An externally targeted business plan should list all legal concerns and financial liabilities that might negatively affect investors.Synonyms for business plan This thesaurus page is about all possible synonyms, equivalent, same meaning and similar words for the term business plan.
We couldn't find direct synonyms for.
business, commerce, trade, industry, traffic mean activity concerned with the supplying and distribution of commodities. business may be an inclusive term but specifically designates the activities of those engaged in the purchase or sale of commodities or in related financial transactions.
business plan meaning: 1. a detailed plan describing the future plans of a business2. a detailed document describing the future plans of a business.
Learn more. Business plan synonyms. Top synonyms for business plan (other words for business plan) are proposal and game plan. My plan was to reduce each man's ration of flower from 7lbs. "That plan will work in two ways," said Mrs.
Roberts, gleefully. It is a fool's plan to teach a man to be a cur in. Need synonyms for "business plan"? Here's over 15 fantastic words you can use instead.
What's another word for Synonyms. Antonyms What is another word for business plan? Need synonyms for business plan? Here's a list of words from our thesaurus that you can use instead. Noun course of action. alternative. avenue.Download