Systematic Planning and Monitoring in Entrpreneurship Essay



Systematic Planning and Monitoring - Systematic Planning: an entrepreneur develops and uses logical, step-by-step plans to reach goals

Systematic planning is a planning process that is based on the scientific method and includes concepts such as objectivity of approach and acceptability of results. Systematic planning is based on a common sense, graded approach to ensure that the level of detail in planning is commensurate with the importance and intended use of the work and the available resources. This framework promotes communication between all organizations and individuals involved in an environmental program. Through a systematic planning process, a team can develop acceptance or performance criteria for the quality of the data collected and for the quality of the decision.
This is the ability to develop plans that will be used in monitoring and evaluating the progress of the business. This helps the entrepreneur to carefully monitor his/her business’ actual performance against desired performance and turn to other alternatives whenever the need arises; so as to achieve his/her set goals.
Successful entrepreneurs are systematic planners. They decide what they are going to do in an orderly and logical way. You have to get used to breaking large tasks into sub tasks with clear time frames. Keep financial records and use them to make decisions. Engage in systematic planning.

No comments:

Post a Comment

Popular Posts