Annual Strategy Review and Planning for Family Businesses
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
