Posts Tagged ‘Planning’

Derek Elliott ? Keys to Successful Entrepreneurship- Preparation and Planning

Most of the top businessmen have their own products and can easily associate the success that could possibly come with it.

At first you have to extensively plan about your new idea or concept, without thinking ahead surely you might encounter unforeseen difficulties with the management or cashflow. Some of these qualities to become an Entrepreuner, are built-in parts of your inherent personality, and some of them get developed over time.Entrepreneurship is very appealing to women in leadership.

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Does Small Business Marketing Need Much Planning?

Small business marketing is small, as noted by the name, but too many times business owners think that small business marketing is too small for planning, budgets, or strategies. Since small businesses usually have little or no marketing budget and are concentrating on just keeping the doors open, owners, more times than not, neglect their marketing planning. No business should exist without marketing planning and strategies!

Actually, small business marketing requires planning and strategy more than major companies.

When the marketing manager of a large corporation has a $20 million marketing budget just for print ads, they have room to make mistakes, produce the wrong ads, and even scrap the marketing plan half-way through completion. Small businesses don't have such freedom and liberty. Small business marketing should contain a plan before anything else happens in the company in the area of sales and marketing. There should be budgets and strategies created as early as possible and reviewed as often as possible.

Create a marketing plan as soon as you decide to start a business.

My company specializes in helping small businesses with marketing and design, and we encounter many of the same problems, and they all stem from lack of early planning. Once you decide to start a business, start creating a marketing plan.

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Managing Change With Enterprise Resource Planning Software

Most ERP systems are designed to fulfill the majority of a business's needs - as captured at a single point in time. The inventory of business processes is typically impressive in its complexity and completeness, and the ERP system installed may be counted on to reliably trudge along its pre-determined path for years. It’s an idea that seems comforting: “We’ll get all our processes figured out – we’ll follow best practices – we’ll use enterprise resource planning to fix everything once and for all.”

It is a noble goal but it overlooks an important reality for many organizations: things change. That snapshot of the business when its ERP system was first implemented is remarkably different from the business's state a few years later. Indeed, sometimes it takes only a matter of months to render that snapshot as quaintly dated as an old box of Polaroids in the basement. The days of trying to cast business processes in stone are a thing of the past for most companies. There are simply too many pressures, both internal and external, to expect any kind of rigid business process management software to keep up. Mergers and acquisitions, re-organizations, compliance management can all play havoc with the status-quo.

Certainly that’s the findings of CFO Research Services in their paper The High Cost of Change for ERP. One-third of the polled finance executive said “their companies have reconfigured their entire ERP system, entailing system-wide modification”. They also report that “many mid size companies spend more than $1 million a year to continue to modify and update their ERP systems.” Note that this is not part of standard maintenance; these expenses are on top of anticipated maintenance.

Does it make sense to implement an enterprise resource planning system with such a short expiry date? Not really… but companies resigned to the substantial spend of regularly re-tooling their ERP systems may feel trapped and without options. Change is inevitable… and so is ERP system spend when you are dealing with enterprise management software that isn’t architect for change.

There is an alternative enterprise resource planning solution from Agresso, well-known in Europe and establishing a quickly growing presence in North America. Agresso Business World was specifically designed to address frequent, ongoing change and the company is targeting organizations it calls Businesses Living in Change (BLINC). Regardless of the vertical market sector, any organizations that operate in an evolving environment, or need to respond to the unexpected share a common requirement: agility. In particular, they require post-implementation agility - the ability to make changes quickly and easily after their ERP system implementation is complete.

Boasting a unique architecture, this enterprise resource planning software allows business users, rather than ERP systems consultants or IT resources, to effect changes in the ERP system, directly in the graphical user interface. It is Agresso’s unique “VITA architecture” that enables true post-implementation agility and it is this capability that differentiates Agresso’s ERP software system from the crowd. VITA combines the data, process and information delivery models into a single cohesive unit. Make a change in any one of these areas and it automatically and intelligently flows throughout the system, making all associated changes and adjustments. The change does not need to be redone or re-checked for accuracy anywhere else. And that makes change fast, easy, inexpensive and non-disruptive.

Agresso offers a fully integrated suite of enterprise resource planning capabilities, including Financial Management, Planning, Budgeting & Forecasting, Procurement Management, Human Resources and Payroll, Project Costing and Billing, Business Process Automation, Field Service Management & Automation and Reporting & Analytics.

For organizations that need enterprise resource planning software capable of adapting to their needs over the long term, they need to ask some hard questions of their ERP systems vendors. Determining the total cost of ownership is critical… but simple maintenance and support costs are only half the equation when it comes to enterprise management software. A better metric is, according to Brian Somner of TechVentive is the “Total Cost of Change”. This more realistic view goes beyond license, maintenance and upgrade costs; it considers the substantial costs of accommodating business change scenarios in the ERP system.

Any organization facing frequent, ongoing change - especially organizations that accept and embrace this reality - should be talking to Agresso about their enterprise resource planning solution. There is substantial money to be saved, considerable disruption to be avoided, and business opportunities to be seized with an ERP system like Agresso. Agile organizations need agile enterprise resource planning, and Agresso uniquely fits the bill.

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How Important is Enterprise Resource Planning

Enterprise Resource Planning or ERP, handles the internal course of action of your business. It comprises primarily of resource planning, management control and equipped control. ERP tries to unify the several data sources and processes in a particular organization. In order to integrate an ERP system we need to have two essential components; a common database and a modular software design.

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