David McQuiggan Strategic/Financial Planning & Execution

Using Hoshin Kanri, a systematic cross-functional strategic planning and execution methodology, to bring clarity and focus on shared goals, by involving all functional leaders in planning to achieve the goals and to hold participants accountable for achieving their part of the plan. Hoshin planning is a seven-step process, in which you perform the following management tasks: (1) Identify the key business issues facing the organization. (2) Establish measurable business objectives that address these issues. (3) Define the overall vision and goals. (4) Develop supporting strategies for pursuing the goals. (4) Determine the tactics and objectives that facilitate each strategy. (5) Develop supporting strategies for pursuing the goals. (6) Implement performance measures for every business process, and (7) Measure business fundamentals. In Japanese, hoshin means "compass needle" or "direction". Kanri means "management" or "control" The name suggests how hoshin kanri aligns an organization toward accomplishing a single goal.

“If you fail to plan, you are planning to fail!” ― Benjamin Franklin Don't fall in to the trap of running out of cash. Cash flow planning for any organization is critical. Understanding the timing, size and risk associated with incoming and outgoing cash flows can help you anticipate short falls in cash and help you identify your future working capital funding requirements. Understanding the cash cycle and how transactions flow through your financial statements (balance sheet, income statement, and cash flow statement) will help you build a solid plan. Avoid optimism bias and use a third party to (1) Assess the business environment, (2) Confirm the business vision and objectives, (3) Identify the types of resources needed to achieve these objectives, (4) Quantify the amount of resource (labor, equipment, materials), (5) Calculate the total cost of each type of resource, (6) Summarize the costs to create a budget, (6) Identify any risks and issues with the budget set (7) Formalize a financial model that fits your business.

Learn how to identify, develop and implement growth opportunities between your business and other organizations. The process starts with the analytical preparation of potential growth opportunities for senior management or board of directors. Experience includes: setting up and managing strategic relationships and alliances with other, third-party companies to leverage each other's expertise, technologies or other intellectual property to expand capacities for identifying, researching, analyzing and bringing to market new businesses and new products. Business-development focuses on implementation of the strategic business plan through equity financing, acquisition/divestiture or licensing of technologies, products, and companies, plus the establishment of strategic partnerships where appropriate.