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. 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. This is the most critical level of the business because it bridges the executive and the technical levels.
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. There are several factors that should be considered during the executive planning.
The first factor is 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. An objective being achieved within a certain time frame forms the goals of the company. The plans that are put in place by the executive should for that matter fall in line with the goals of the business. The goals of the business will thereby be fostered by the completion of a good plan.
Consideration now should be made on the cost involved in the planning. Every plan requires funding so that it can cater for the objectives and run smoothly to its completion. The end should be reachable by the funds that the businesses provided and that means that the plan should be seen to completion. The funds that the business allocates for the plan in the budget should be able to be managed.
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