Factors To Consider When Doing Executive Planning
Every business has levels of hierarchy from the top most to the basic levels of employment. The functions they carry out is what is used to categorize them into the three levels there are namely the technical, expert and the executive levels. The technical level is involved with the day to day running of operations in the business.
The smooth running of the operation of day to day working of the business and their drafting is the work of the expert level. The problems that are faced by the technicians are given solutions by the experts in this level of employment. The business is most dependent on this level because it is the one that covers the gap of the executive and the technical levels and joins them.
The level of the executives consists of the employees of the company that make decisions about the business and also plan for its future. It is the top most level in the hierarchy and they are the ones that set the objectives and targets towards the goals and decide the measures to be employed towards them. When targets are set and the methods used to employ them are used, then that is called executive planning. Consideration should be given to a number of factors while doing the executive planning.
Consideration should be made on the goals of the business. The goals of the business are the ones that are embedded deep during the minds of those that formed it. A companies’ goals work within the time frames for the achievement of certain objectives. There should be an alignment of the goals of the business and the plans or the measures that are put in place to achieve them. A good plan will ensure that while they are completed, the goals will be a step closer to be achieved.
Consideration now should be made on the cost involved in the planning. For a plan to be completed and run smoothly, each and every plan will require funding so that it can be able to run smoothly. Completion of the plan will need adequate funding from the government and it is the job of the business to ensure that. The funds that the business allocates for the plan in the budget should be able to be managed.
The other consideration to make is the space for expansion. The business seeks to grow and expand some day in the future. Therefore, the business should have enough space to grow and to expand as per the plans made. The growth of the company would be limited by the space there is in an organization