Functional planning is the process of planning to achieve target & goal for our business. It also gives an idea about when, and where our objectives and goals will be accomplished.
Some of the functional planning modules may be business specific, such as production and marketing plans. While some of the functional plans may be common, such as income tax management.
The main reason to perform functional planning is to help to make better decisions for business growth.
1. Outline expectations 2. Verify the business context 3. Set goals and objectives 4. Develop an action plan 5. Assess your capabilities 6. Set measures and metrics 7. Put your strategy on
1. Corporate level Planning: 2. Business level planning: 3. Functional level planning:
1. Aligning functional and corporate planning 2. Progression check 3. Integration 4. Resource Allocation
5 steps to ensure your functional planning process is efficient, adaptable, and productive to your business goals.
Why Functional Planning is Important?