Factors To Consider When Doing Executive Planning
Hierarchies are common in all businesses because there is the top most levels of management and the most basic ones. The technical, expert and the executive levels are the three categories that the employees are generally classified into according to the functions they conduct. The day to day operations of the business are the functions of the technical level.
The employees of the business that are in the expert level are engaged in ensuring that the businesses run smoothly according to how they had planned. This level of employment has also professionals who are involved in the solving of problems that arise during the operations in the technical level. The fact that it bridges the executive and technical levels makes it the most critical level in a business.
The level of the executives consists of the employees of the company that make decisions about the business and also plan for its future. The measures to be employed towards the achievement of the targets set are decided by this level of employees which is the top most in the hierarchy. 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. As the company was being formed, the eventual objectives that warranted for the formation of the business are the ones called the goals of the company. 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. That is to ensure that the completion of the plan leads a step forward towards the achievement of the goals of the business.
The second factor is the cost involved in the planning. Every plan requires funding so that it can cater for the objectives and run smoothly to its completion. Completion of the plan will need adequate funding from the government and it is the job of the business to ensure that. The resources at the disposal of the business allocated in the budget for the Completion of the objectives should be manageable.
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. Organizations should have enough space to expand or else their plans are limited.