Dr. Tom D. McFarland, Management Consultant

Services Offered:  Planning

Studies consistently show that the primary cause of business failure is under capitalization and poor management: basically bad planning.

Business Plans—clarify the vision and mission of the firm; develop product and marketing strategies as well as financial and operational plans.

Strategic Plans—state the fundamental purpose of the company and develop a profile of the firm’s internal conditions.  Analyze the external environment and determine the opportunities and threats to success that support the grand strategy.  And finally, set objectives, operating strategies, policies, and control procedures for the company.

An important part of planning is the assessment of the internal and external business environments.  This requires studying any or all of the following:  the business environment, industry conditions, internal characteristics and management technology (the knowledge, procedures, policies, systems and tools of management) and reviewing the organization’s design, membership characteristics, control, job designs, knowledge base, information technology, financial management systems and leadership styles.  Also, market standing, innovation, physical and financial resources, management performance and development, worker performance and attitudes, customer/client satisfaction, employment satisfaction and employee commitment may need to be examined.

More Information on Planning 

 
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Updated - 01/20/2002
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