Lack of Tactical Decision Making in Business Plan

Lack of Tactical Decision Making 

in Business Plan

1.         Business Owners are eager to start a business but do not know the detail of Hows and What s and Where s of the business and that is actually lack of Tactical Decision making. A bird eye view of solving such problem is given by me in this article. Tactical Decision Making is a Business strategy where decisions are made with the end result of ensuring a company ' s success is to be made as better as possible.  Now there are several ways to do but first and foremost is utilization of time for tactical decision making because Time is money and is an asset. Once its gone then it is difficult to coup up with new circumstance that come in one ‘s way .

2.         Why time is important in Tactical Decision Making in a Business Plan:           Once time is less then Tactical Decision making is completely disturbed and human mind concentrate on Operational activities and could not remember tactical decisions and its implementation. And even one try to concentrate to make tactical decision in small period of time , then it’s not effective.

3.         Making a Tactical Business Plan   : Practically it has been seen some people want to carry out ABC project and when asked that if they carry out their SWOT analysis, they are like Goose in a lake, wondering in the middle of some dream, think some Finance will come from Some where (  whereas FINANCE is one of the major hindrance in starting a project)   and then they’ll find a suitable place in a  business that they haven’t seen in their whole life ( i.e no home work) . Listen up guys things do not go like that smoothly in this world. Yes they go, but with lots of hurdles and problems which are unknown. So how to coup up is first:

·         Start analysis of Strength Weaknesses Opportunities and Threats

·                     a)     Make as many plans as possible on a plan paper

b)     Go for a hypothetical execution of plan and see which is easy to move

c)      Select a viable solution keeping in view budget and forecasting

d)      Select your team and inculcate tactical planning among team members and be well versed with it

e)      Take the feedback from Team for tactical plan and make changes if required in plan accordingly, that’s give a better execution of plan

f)       Taking in to account risk factors as more risk are involved in a new Business as compared to Bench marking Business

g)     Now in the end we have a Critical Path Analysis available for execution after putting Timeline in each activity.

h)   All above will only happen with lot of Communication at all levels

These steps needed to be done long before touching your financial asset . Otherwise you'll gain profit but with loss of lot of money