Credit Hours: 1.00
Approval Number: 1111101
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To increase the probability of organizational success, the existing forward looking engineering firm should develop management processes for maintaining a regularly updated "Business Plan" which defines the business’s strategic intent, evaluates the organization’s current situation, and defines those actions necessary to keep the organization focused and successful.
This one-hour distance learning course is designed to inform the participant on why a business or organization should prepare a business plan, how business planning has evolved over time, and the basic elements of a business plan. The difference between the "strategic", "tactical", and "operational" elements of business planning are defined. To set the stage for planning, the complexity of the current business environment and the criteria for a successful business are discussed.
In order to receive credit for this course the participant must successfully complete a series of quizzes designed to test his/her knowledge of the subject presented in this course. To successfully complete this course, the participant must obtain an aggregate score of all the quizzes of 70% or greater.
One (1) Professional Development Hours (PDH)
At the completion of the course, the participant will have a clear understanding of the following topics:
- The four elements of a business plan: Strategic Plan, Tactical Plan
- Operational Plan, and Success Factors
- Vision, mission, and values statements
- How to define goals using the "SMART" anagram