business plans

a level business operations ocr - plan-do-review cycles

what is the plan-do-review cycle?

a cycle used by a business to aid their planning

what happens at the plan stage of the cycle?

determine objectives and resources needed

what happens at the do stage of the cycle?

plan is implemented , all members should know their associated roles and responsibilities

what happens at the review stage of the cycle?

formal ongoing review of how well objectives have been reached and final review at the end

advantages of the plan do review cycle

strategic approach to setting objectives , regular reviews can identify issues and correct them , final review takes holistic view that can be used to adapt future planning , encourages kaizen

disadvantages of plan do review cycle

lengthy process (opportunity cost) , inflexible esp if overly focused on specific objectives , if not involved with the process employees may feel less committed to achievement of objectives , ongoing review process may be negatively viewed by employees