Factors To Consider When Doing Executive Planning
There are the top and the bottom basic employment levels in each and every organization and those form the hierarchy. The functions they carry out is what is used to categorize them into the three levels there are namely the technical, expert and the executive levels. At the technical level, there are the individuals that are involved with the day to day operations in the business.
The smooth running of the operation of day to day working of the business and their drafting is the work of the expert level. 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 business is most dependent on this level because it is the one that covers the gap of the executive and the technical levels and joins them.
The plans for the future and the making of the decisions that affect the business are made by the executive level. It is the top most level in the hierarchy and they are the ones that set the objectives and targets towards the goals and decide the measures to be employed towards them. When targets are set and the methods used to employ them are used, then that is called executive planning. There are several factors that should be considered during the executive planning.
Consideration should be made on the goals of the business. The goals of the company are the ones that warrant the formation of the company. The goals set a time frame within which a certain objective should be achieved. The plans that are put in place by the executive should for that matter fall in line with the goals of the business. 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. Manageability of the funds that the business allocates for the completion of the objectives in its budget should be possible.
The third factor calls for the space for expansion. The future objectives of each and every business is to grow and to expand. The business that purposes to grow and to expand should have enough spaces to do so. The growth of the company would be limited by the space there is in an organization
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