In less than two months, the year will end and it’s time to prepare the business plan for the ensuing year. A business plan is prepared by the leaders or the management team of the business entity. Whether well articulated or not, a business plan aims to improve the products and services of the company.
But, what usually happens is that the employees don’t know about the plans or doesn’t fully understand the details of the business plan. So, the year ends with the unimplemented business plan and this same plan is again used in the subsequent year.
Employees, who have been in the company for a long time, have their practices. Younger ones are often inexperienced or deficient in business outlook which could give them insight. New hires often bring old routines developed in a previous work culture. To improve productivity and optimize company’s performance, the company must have a shared, well understood plan .
To boost the capability to implement the business plan, do these ways:
1. Distribute the business plan. Employees must know and understand the plan. They must be helped and coached and then held accountable for attaining the necessary skills to lead others in implementing the plan.
2. Conduct a planning session for shared understanding among the managers and employees of the company. It is necessary that the leader shall clearly discuss with the employees what roles they are to play in the plan and the criteria for solving cross-functional conflicts.
There is a need to measure performance against the plan and the planning process as a whole, for the organization to most likely benefit from a shared understanding across the leadership team.
Once your plan is out there, encourage questions. Each question a chance to address the issues that build and uphold inefficiencies. Seek indirect feedback, like a suggestion box or whatever methods to show employees that you value their perceptions.
3. Set Performance targets of employees towards the execution of the plan. Align work activities of the employees with the business plan.
If you see some employees struggling to comprehend what needs to be done, or that they lack the know how to do it well, there is an opportunity for follow up or coaching.
All businesses have plans to be flourishing. Leaders can boost their capability to implement the business plan by distributing the plan, conducting a planning session and setting performance targets of employees towards the execution of the plan.