Annual Strategy Review and Planning for Family Businesses
by Mr. Nathaniel Lim
Workshop Description
Planning for the future is essential for family businesses. In order to plan for the following year (or two), a business review and strategy evaluation is necessary to get a status of the business as of the present. In this one-day workshop, Ateneo FBDC shall guide family businesses in a Thorough Review of Current Business, a Quick Review of Your Strategic Plan, Identifying Strategic and Operational Issues, and Annual Business Operations Planning.
Duration:
2 workshop days
Workshop Outcome
Upon completion of the workshop, family businesses will have a formal Business Operations Plan for the next year (or two, depending on the timing horizon set).
Topics/Sessions
Day 1, Morning session
• REVIEW OF CURRENT BUSINESS
- Financial Review (Income Statement, Cash Flow Statement, Balance Sheet, relevant financial ratios: profitability, liquidity, activity, and leverage ratios)
- Actual vs. Target Performance
- Functional Areas KRAs; Performance vs KRAs
Day 1, Afternoon session
• QUICK REVIEW OF YOUR STRATEGIC PLAN
- Vision-Mission-Values
- Long Term Objectives
- Strategies
- Environmental Analysis (External and Internal Environment)
- Current Status vs Strategic Plan
• IDENTIFYING STRATEGIC AND OPERATIONAL ISSUES
Day 2 Morning session
• ANNUAL BUSINESS OPERATIONS PLANNING (Breakout groups)
- Corporate to Functional Areas / Departments
- Objectives – Strategies – Measures – Policies – Action Steps – Timing – Responsibility
Day 2, Afternoon session
• YOUR ANNUAL BUSINESS OPERATIONS PLAN
- Reports to Plenary
- Summary
Methodologies
Planning for the future is essential for family businesses. In order to plan for the following year (or two), a business review and strategy evaluation is necessary to get a status of the business as of the present. In this one-day workshop, Ateneo FBDC shall guide family businesses in a Thorough Review of Current Business, a Quick Review of Your Strategic Plan, Identifying Strategic and Operational Issues, and Annual Business Operations Planning.
Duration:
2 workshop days
Workshop Outcome
Upon completion of the workshop, family businesses will have a formal Business Operations Plan for the next year (or two, depending on the timing horizon set).
Topics/Sessions
Day 1, Morning session
• REVIEW OF CURRENT BUSINESS
- Financial Review (Income Statement, Cash Flow Statement, Balance Sheet, relevant financial ratios: profitability, liquidity, activity, and leverage ratios)
- Actual vs. Target Performance
- Functional Areas KRAs; Performance vs KRAs
Day 1, Afternoon session
• QUICK REVIEW OF YOUR STRATEGIC PLAN
- Vision-Mission-Values
- Long Term Objectives
- Strategies
- Environmental Analysis (External and Internal Environment)
- Current Status vs Strategic Plan
• IDENTIFYING STRATEGIC AND OPERATIONAL ISSUES
Day 2 Morning session
• ANNUAL BUSINESS OPERATIONS PLANNING (Breakout groups)
- Corporate to Functional Areas / Departments
- Objectives – Strategies – Measures – Policies – Action Steps – Timing – Responsibility
Day 2, Afternoon session
• YOUR ANNUAL BUSINESS OPERATIONS PLAN
- Reports to Plenary
- Summary
Methodologies
- Information preparation
- Interactive lectures / plenary discussions
- Workshop proper
