First Five-Year Plan

Examples of First Five-Year Plan in the following topics:

• The Communist Economic System

  • In 1928, Joseph Stalin achieved party leadership and introduced the first Five Year Plan, ending the limited level of capitalism that still existed.
  • Local planning authorities are handed 1 year, 5 year, 10 year or, in the case of China, up to 25-year plans.
  • The local authorities then implement these plans by meeting with State Owned Enterprises, whereby further plans are developed specific to the business.
  • Inputs are allocated according to the plans and output targets are set.
  • Explain how a communist economic system is representative of a command planned economy

• The Five-Factor Model

  • The five-factor model organizes all personality traits along a continuum of five factors: openness, extraversion, conscientiousness, agreeableness, and neuroticism.
  • The five factor model was reached independently by several different psychologists over a number of years.
  • Individuals high in conscientiousness prefer planned rather than spontaneous behavior and are often organized, hardworking, and dependable.
  • Agreeableness also increases with age, peaking between 50 to 70 years (Terracciano, McCrae, Brant, & Costa, 2005).
  • In the center column, notice that the first letter of each trait spells the mnemonic OCEAN.

• Employee Retirement Income Security Act

  • In the years since 1974, ERISA has been amended repeatedly.
  • Under ERISA, pension plans must provide for vesting of employees' pension benefits after a specified minimum number of years.
  • Under the Pension Protection Act of 2006 (PPA), employer contributions made after 2006 to a defined contribution plan must become vested at 100% after three years or under a second sixth year gradual-vesting schedule Employee contributions are always 100% vested.
  • Accrued benefits under a defined benefit plan must become vested at 100% after five years or under a third seventh year gradual vesting schedule.
  • If a plan is fully funded, the minimum required contribution is the cost of benefits earned during the year.

• Operations: the logistical rim on the wheel

  • Operations in a startup begin with the composition of a business plan.
  • Business plans are usually written to obtain financing for a new venture.
  • Financials document the forecasted sales and expenses for the first five years of the new venture.
  • Some entrepreneurs recommend that you draft the executive summary first and use this document as a planning document to cross check what you need in order to complete the business plan.
  • With a draft business plan in hand and your legal company business entity established it's time to fully map out the operations/processes you plan to utilize to implement your business plan.

• The Marketing Plan

  • Marketing plans can range from one to five years in length.
  • At other times, a marketing plan is created that drives the company's strategic planning.
  • A marketing plan can be part of an overall business plan.
  • The plan must be:
  • Plans usually target:

• Defining Strategic Planning

  • Strategic planning is concerned with defining company goals and determining the resources needed to achieve them.
  • Strategic planning generally deals with at least one of three key questions:
  • In many organizations, this is viewed as a process for determining where the organization is going over the next year or, more typically, three to five years, although some extend their vision to 20 years.
  • There are many approaches to strategic planning, but typically one of the following approaches is used.
  • Assess the definition of planning in context with strategy and the various planning process approaches

• The Business Plan

  • A business plan is a formal statement of a set of goals, the reasons they are believed attainable, and the plan for reaching those goals.
  • Elements of a Business Plan: Cover sheet, Executive summary (statement of the business purpose), Table of contents, Body of the document, Business Description of business, Marketing Competition, Operating procedures, Personnel Business insurance, Financial data, Loan applications, Capital equipment and supply list, Balance sheet Break-even analysis, Profit and loss statements, Three-year summary, Detail by month -- first year, Detail by quarters -- second and third year, Assumptions upon which projections were based, Pro-forma cash flow, Supporting documents, Tax returns of principals (partners in the business) for last three years, Personal financial statements (all banks have these forms), Copy of franchise contract and all supporting documents provided by the franchisor (for franchise businesses), Copy of proposed lease or purchase agreement for building space, Copy of licenses and other legal documents, Copy of resumes of all principals, Copies of letters of intent from suppliers, etc.
  • A business plan is a formal statement of a set of business goals, the reasons they are believed attainable, and the plan for reaching those goals.
  • Business Plan Executive Summary: The executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals.
  • Financial Projections: The financials provide information on the proposed spending and revenues of the company, typically for the first 3 to 5 years of operation.

• Overview of Inputs to Strategic Planning

  • Strategic plans can take the form of business or marketing plans, and consultants and industry experts are used in their development.
  • Marketing plans span between one and five years.
  • A marketing plan may be part of an overall business plan.
  • Porter's Five Forces, SWOT, Value Chain, etc.).
  • These industry experts can move beyond the PESTEL and Porter's Five Forces frameworks, making intuitive leaps as to the trajectory of the industry.

• Organizing Your Research Plan

  • To save time and effort, decide on a research plan before you begin.
  • To save time and effort, decide on a research plan before you begin.
  • Do you only want articles written in the past ten or twenty years?
  • Again, most search engines will allow you to limit results to anything written within the years you specify, and the choice to limit the time period will depend on your topic.
  • After you know what sub-questions you want to pursue, you'll be able to move to step five—determine what kind of sources are best for your argument.

• Limitations of the Five-Forces View

  • Like most models, Porter's Five Forces has advantages and limitations when applied to strategic planning processes.
  • Like most models, Porter's Five Forces has advantages and limitations when applied to strategic planning processes; one must understand how it is designed to be used and recognize its limitations.
  • For diversified companies, however, the first fundamental issue in corporate strategy is the selection of industries (lines of business) in which the company should focus.
  • As strategic planning involves long-term objectives and the pursuit of adaptability, Porter's model is too static to be relied upon outside of short- to medium-term objectives.
  • It has been noted that conclusions from the Five Forces model are highly debatable.