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Answer Upon - The Five Key Elements and the Five Key Steps to Successful Branch-Division Planning
When preparing for your interview, you need to be ready to discuss your accomplishments. Surprisingly, many people are reluctant to talk about their accomplishments. But this is exactly what the interviewer wants to hear from you.Discussing your accomplishments separates you from the rest of the people applying for the job. It helps you stand out and show that you are more qualified than the others. Remember, the
Step #3 -- An Examination of Available Synergy
Synergy arises when two actions performed jointly produce a greater result than they would if performed independently. When 2 + 2 = 5.
Influencing Factors
Optimum scale of operations
Expansion methods
Negative effects 2 + 2 =3
Kno
I was making arrangements to attend a conference in Los Angeles, California.As a frequent flyer, I receive award coupons offering a 50% discount from normal hotel rates. I contacted the call center of a major hotel chain to make my reservation.The reservations clerk was friendly and very helpful. She took my name and contact numbers. She confirmed the dates, my room preference and credit card number. She asked
Analysis of opportunities is useless if it doesnt degenerate into work. Operational planning, by definition, results in action plans for day-to-day work.
Branch/Operation Planning
The Five Key Elements:
1. A definition of services to be provided
2. Initiatives that support the End Game Vision--- What are the Branch Goals?
3. An examination of available synergy
4. A commitment to timing and sequence of major steps
5. An agreement to measurement criteria and targets
The Five Key Steps
Step 1 A Definition of Services to be Provided
Criteria:
It must be future oriented
It must focus on the external environment
It must consider local competition, customers and products
It must consider branch weaknesses as well as strengths
It must match strengths to local market needs
Typical Questions:
What is the purpose of your business?
What business are you in now?
What business should you be in?
What are you good at?
What have you failed at?
What differential advantage do you have over your competitors?
What differential advantage do they have over you?
What markets do you serve?
Step #2 What are the branch goals?
Individual branch initiatives that support the end game must be identified. These initiatives not only include budgetary financial goals but they must also include support for all the non financial objectives identified in the end game that have not been deferred.
Step #3 -- An Examination of Available Synergy
Synergy arises when two actions performed jointly produce a greater result than they would if performed independently. When 2 + 2 = 5.
Influencing Factors
Optimum scale of operations
Expansion methods
Negative effects 2 + 2 =3
Kno
Be you-nique.Everyday in the mail, there are tons of junk that I get and throw away. But every now and then, a piece comes in that is so unique I am compelled to open it. Why? Because it is unique!Now the real question How do you get your message across? Your uniqueness? The uniqueness of your company? Your products? And most importantly YOU?Lets talk about each of these areas individually:The u
2. Initiatives that support the End Game Vision--- What are the Branch Goals?
3. An examination of available synergy
4. A commitment to timing and sequence of major steps
5. An agreement to measurement criteria and targets
The Five Key Steps
Step 1 A Definition of Services to be Provided
Criteria:
It must be future oriented
It must focus on the external environment
It must consider local competition, customers and products
It must consider branch weaknesses as well as strengths
It must match strengths to local market needs
Typical Questions:
What is the purpose of your business?
What business are you in now?
What business should you be in?
What are you good at?
What have you failed at?
What differential advantage do you have over your competitors?
What differential advantage do they have over you?
What markets do you serve?
Step #2 What are the branch goals?
Individual branch initiatives that support the end game must be identified. These initiatives not only include budgetary financial goals but they must also include support for all the non financial objectives identified in the end game that have not been deferred.
Step #3 -- An Examination of Available Synergy
Synergy arises when two actions performed jointly produce a greater result than they would if performed independently. When 2 + 2 = 5.
Influencing Factors
Optimum scale of operations
Expansion methods
Negative effects 2 + 2 =3
Kno
Well, I used to work for my boss, who really didn't know as much as I did, but he thought that he's the smartest out there so he was always telling me what to do and how to do. So one day I got really sick of it and I decided that I needed to find a new way of making money.I had responsibilities, I had to feed my family, pay bills and enjoy life - this is how I really think it should be. I believe I am not the only wh
It must consider local competition, customers and products
It must consider branch weaknesses as well as strengths
It must match strengths to local market needs
Typical Questions:
What is the purpose of your business?
What business are you in now?
What business should you be in?
What are you good at?
What have you failed at?
What differential advantage do you have over your competitors?
What differential advantage do they have over you?
What markets do you serve?
Step #2 What are the branch goals?
Individual branch initiatives that support the end game must be identified. These initiatives not only include budgetary financial goals but they must also include support for all the non financial objectives identified in the end game that have not been deferred.
Step #3 -- An Examination of Available Synergy
Synergy arises when two actions performed jointly produce a greater result than they would if performed independently. When 2 + 2 = 5.
Influencing Factors
Optimum scale of operations
Expansion methods
Negative effects 2 + 2 =3
Kno
If you own your own business, you're probably innundated with advertising and marketing opportunities and salespeople. You probably get asked to sponsor events and donate to organizations. Maybe you've even been hit up by the premium company trying to get you to buy pens with your company name on them.So how do you know what to spend your marketing dollars on, and what to pass on?How do you avoid wasting your
What differential advantage do you have over your competitors?
What differential advantage do they have over you?
What markets do you serve?
Step #2 What are the branch goals?
Individual branch initiatives that support the end game must be identified. These initiatives not only include budgetary financial goals but they must also include support for all the non financial objectives identified in the end game that have not been deferred.
Step #3 -- An Examination of Available Synergy
Synergy arises when two actions performed jointly produce a greater result than they would if performed independently. When 2 + 2 = 5.
Influencing Factors
Optimum scale of operations
Expansion methods
Negative effects 2 + 2 =3
Kno
Networking is all about developing the relationships that are mutually beneficial, where you can help with the success of a referral source as much you can be helped in return. With some relationships, that means the exchange of referrals back and forth. With other relationships, the give and take is more creative.Sue Haines works as a mortgage originator for a local company. She has developed connections with seve
Step #3 -- An Examination of Available Synergy
Synergy arises when two actions performed jointly produce a greater result than they would if performed independently. When 2 + 2 = 5.
Influencing Factors
Optimum scale of operations
Expansion methods
Negative effects 2 + 2 =3
Knowledge/expertise transference
Step 4 A Commitment to Timing and Sequence of Major Steps
Since resources are always limited, a branch manager must decide what to do first and what to defer. An action planning process must occur for each initiative that supports the end game. Assigned accountability, expected results for each step in the plan and a completion date for each step of the action plan is essential.
Criteria:
1. Implementation is serial in nature
2. Parallel opportunities should be exploited
3. Determine foregone opportunities
Step 5 An Agreement to Measurement Criteria and Targets
Typical Criteria:
1. Return on investment
2. Risk of losing investment
3. Company growth
4. Contribution to social welfare
5. Stability and security of employment
6. Prestige of the company
7. Future controls
8. Inventory turns
9. Fill rates
10. DSO (Days Sales Outstanding)
11. Cash to cash cycle
Remember:
Work = Task Description + Tangible Output + Person Responsible +Due Date
The Action Item is a piece of bite sized work that is scheduled to be complete prior to a review event.
Effective creation requires major attention to available resources, e.g. time.
Accountability = Authority +Responsibility
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