How to implement successful action plans…
It is one of the the biggest management challenge we all face…implementing change. Creating action, with specific goals and objectives.
Typically delivered through an action plan. The following way management can evaluate and produce an action plan that will work with long term results, was taken from Attitudinal Dynamics of Driving book and course, designed to assist people in changing their bad driving habits. It makes sense so here it is.
SAMRIC: an action plan should be defined and developed as follows…and if done it will work.
The plan should be:
Simple….clear, understandable
Attainable…within ones ability to do it successfully, realistic
Measurable…has a defined measurable goal
Repeatable…can be done again and again
Immediate…starts immediately, now, not next week
Controlled by you…something the individual can do on their own
It still requires personal responsibility, initiative and commitment, but these concepts help us design and implement plans that work.
Try it, anything that helps us do better is valuable.
Of course what is nt stated in this plan is the basic requirement for effective leadership and management. The only effective plan is driven by quality leadership and management which will determine the ultimate success of any action plan. However these are the basic requirements that must be implanted in any action plan if there is a chance of it being successful, then the manager must track, monitor and control the process supporting their employees with training and whatever other support required to assure success.
In the end it’s a team effort but any plan requires these elements. Good luck.
I work with the sba lenders in liquidation & servicing. What my company provides are site inspections of equipment / colateral . Broker opinion of value & appraisals.
In dealing with the sba I feel they are very supportive of the busines owner and do their best to work with the borrower.
My firm also offers help on commercial collections & I beleive the business owner in some cases needs help in managmning his receivables as part of a plan to keep his business profitable. Extending credit terms can be risking in todays market.
Using a good credit screening process and follow up on late receivables or use some outside help can keep the business going in these difficult times.