PLANNING AND MANAGEMENT

PLANNING AND MANAGEMENT

Definitions:

• Planning and management: it refers to the set of skills to organise the resources (material, human, financial, technological or knowledge) associated with business action. Hint: Prioritise, organise and follow up.

Descriptors:

• Set long-, medium- and short-term goals. • Define priorities and action plans. • Adapt to unforeseen Thread FOUNDATION Discover – Explore Relying on support from others INTERMEDIATE Experiment-Dare Building independence ADVANCED Improve-Reinforce Taking responsibility EXPERT Expand-Transform Driving transformation, innovation and growth

Define goals (own’s goals and goals related to the value-creating activity). Be able to define clear and achievable goals related to a simple value-creating activity. Be able to set shortterm goals I can act on. Be able to define short-term, mid-term and long-term goals according to the vision of my (or my team's) value-creating activity. Manage the need for

creativity and the need for

control so that my organisation’s capacity to achieve its goals is protected and nurtured.

Plan and organise conscientiously. Carry out a simple plan for value-creating activities. Create an action plan

with the different

steps to achieve my goals. (intrapreneurship) I can adapt goals according to the planned available resources in the company. Apply the basics of

project management

in managing a valuecreating activity. Design managerial procedures to effectively deliver value in challenging circumstances, adapting to changes where necessary.

Define priorities Able to explain the difference between urgent and important goals when stating the priority of given tasks. Able to set my own priorities and define and prioritise the tasks accordingly. Able to prioritise the

relevant steps

according to the valuecreating activity (new venture). Define the priorities in complex and uncertain circumstances, with partial or ambiguous information, to achieve the goals and vision of the new venture. (new venture)

Define and develop sustainable business plans. Explain the elements of a business model (competitors’ analysis, marketing plan, operations, etc.) and know the templates to define one. Define a business model that has all the elements to deliver the value I have identified: identification of users, value provided, competitors’ analysis, strategic partnerships, etc. Develop a business plan based on the model, describing how to achieve the value identified with aspects such as marketing plans, operations, finance plan, etc.

Be aware of the elements of the business plan to convince different stakeholders (investors, banks, clients) and can curate those based on the need and audience. Keep and business model and business plan updated; Adapt to changes in the market or the technology to face new challenges and unexpected outcome and mobilise others for buying into opportunities arising from them.