orbit business planning tool

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Andrew Watt | wattacoach.com

How to get there: Orbit planning tool

In preparing for battle I have always found that plans are useless, but planning is indispensable” attrib. Dwight D. Eisenhower, 1962

Often businesses or careers find themselves following a path of organic development or growth. A journey that is good enough to stay on, without necessarily being the ideal one. Of course circumstance and serendipity can intervene and many of the best opportunities are unexpected. But there is value in following a path that has been chosen rather than one that just happens.

Above all, this is because you tend to get to where you’re trying to get to. Motor racers call this target fixation: you naturally go to the point that you’re looking at (and if it’s the wrong point you’ll go there too). And your intuition is often a poor judge of where the next step should be; racers learn to follow conscious learnt behaviours rather than using their instincts in an emergency.

The point about organic growth is that it tends to make intuitive sense to us – do a bit better, earn a bit more – so we keep doing it. But if over time this is not satisfactory, I use a three year planning tool that works for individuals as well as small and large enterprises.

The UK government’s Department for Business, Innovation and Skills (BIS) developed Orbit as part of the Growth Accelerator scheme which helped high potential small and medium sized companies. There are three key stages 1. Creating a framework 2. Setting long and then short term objectives 3. Prioritisation of the Vital Few.

When I take clients through this process, depending on their situation, it might take anything from an afternoon to a few months. It works well as a collaborative process and often forces management teams to address fundamental questions about their business and what they want it to achieve. They key output of a one page diagram is often put up on the wall and referred to over time and then perhaps revisited and re-worked on an annual basis.

I remember one of the first clients I used it with doing a review after three years and they being amazed to realise that things that had seemed beyond reach had in fact been delivered. In their case it was landing six-figure clients – with hindsight the progress made sense, although when they’d set that goal it was way ahead of where they were at the time.

Of course it helps to do this exercise with someone like me, but you can follow the three steps yourself, following the guide here.

1. Creating a framework

The process begins by deciding what are the key measurable things that will determine future success. Things like, revenue, profit, customer numbers, market share which are common to many businesses, but also things specific to your business. This might be a re-location, setting up a new facility or developing a particular type of marketing.

Some of these key variables will be ‘hard’ and allow for clear numerical targets. Others might be ‘soft’ (or less tangible) and need benchmarking. One of my clients saw they could be getting good exposure by a more deliberate approach to PR, and set themselves a goal to be interviewed on Newsnight as an industry expert (which they ultimately did).

Once determined these targets will create the first version of Orbit and look something like this:

2. Setting long and then short term objectives

The next stage is to set the point you’ll be at on each of these key lines. Habit might suggest that we begin with the near future then plan out from there, but this is to lapse into an organic development state of mind. Instead, we begin with the end. Hence appearing on Newsnight was the measure for year 3 rather than year 1, something that seemed unachievable in the immediate future but was a realistic goal of where they wanted their PR effort to be in the longer term. Once you’ve set the stretching targets for year three, you plan backwards to the present day and set out a path of measures that will lead to your ultimate destination.

This is time also for sense check, to make sure that the path you’re setting is the right side of challenging but also credible.

Once completed you have something like this:

3. Prioritisation of the Vital Few

Having created the overall framework of measures and activities that will get you to where you want to be, you need to prioritise. Which three of these lines will be the tent poles that hold the overall strategy up and without which it would fall apart? Often this shows up a discrepancy between your current immediate priorities, which are often driven by operations, and an alternative which will drive strategic change.

Once you’ve pulled out the three most important measure these become your Vital Few. Further work is done to flesh these out further as these will be your priorities for action in the immediate future. They could become the focus of some coaching, to get activity going now. Sometimes these priorities will be things that were previously on a lower priority, things to get round to but never as important as ongoing operations which keep being the focus of attention. I had one client who decided they wanted a shop as part of their business in the longer term. Their key short term priorities were therefore to research and become knowledgeable about leasing and furnishing commercial premises. Since they were a graphic designer this was a completely new area of activity for them, but by engaging with it, they built the platform of knowledge that concluded with them successfully launching their shop.

I quoted Eisenhower earlier, pointing out that plans are useless but that planning is essential. Often Orbit will be re-iterated and adjusted as events alter the assumptions behind it. It’s not unusual for goals to be delivered on a longer time frame that expected, but just as common in my experience for it to be the other way round. The key is to develop a sense of destination so that individually or collectively there is a goal in place: over time, once you know where you’re heading you can work to get there.

Published by Andrew Watt

After ten years of coaching people in creative and tech industries in London I decided to write about some of the themes that often come up. View all posts by Andrew Watt

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Orbit Online

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Most Helpful Reviews for Orbit Online

Architecture & Planning , 51-200 employees

Used daily for more than 2 years

OVERALL RATING :

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Reviewed June 2021

Easy to use - organization of references and cvs

With Orbit, it is easy to manage our CVs and references. Data integration! It is easy to update information, and now we are sure that all data / information used on both CV and reference is identical. User-friendly interface, fast and friendly support and user customized output are also on the plus side.

It could be nice with online tutorials for the orbit user - often you do not have time to participate in Orbit events, but maybe you have time for a 5-10 minute tutorial that explains a feature

Civil Engineering , 501-1,000 employees

VALUE FOR MONEY

A simple software with lots of opportunities

MOE is a fast growing company with offices all over Denmark (+ Norway). Orbit mainstreames our information - both on projects and employees. Our data is available on equal terms, no matter which office is your home office - and can quickly be exported to editable documents with our implemented designs. Very easy use.

A simple software with lots of opportunities. The core of the software is a well thought allround product - with good possibilities of personalising for a tailored product. Minor changes are implemented quickly. Bug fixes in almost no time. Orbit has a great staff, very willingly to make changes and renew the software to a even better product.

Updates aren't always thought through all the way. Quality control and bug fix prior time of update could be better. On the other hand you will always meet a quickly reacting support team which almost instantly helps and fixes.

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Not relevant

Construction , 201-500 employees

Reviewed July 2021

Excellent service

The assistance from the Orbit team is excellent. The team goes above and beyond to make sure that the user experience is as good as possible.

I would like to see improvements in the competence part with possibilities of taking out lists differently.

It has mainly been important for us to get an overview of projects and allocation of employees.

That it is easy to use and that we as a company have been able to build it so that it fit into our business.

We lack the ability to print Gantt calendar.

Cost-free Strategic Planning Preview

By Jo Wheeler | May 16, 2018

Link duplicated

And success of autochthonous organization — no matter what size or our — hangs on aforementioned thoroughness of your planning and vision. ONE strategic plan can provide a roadmap for execution specific goals, and will increase your chances of reaching objectives on point and budget. Inches diese article, we’ve rounded up the above strategic planning templates is Microsoft Word and Excel, all of which been free to get additionally total customizable. You getting the Field tool to replace the orientation of a model. One cursor amendments toward an Orbit cursor. How him drag the cursor, the modeling rotates surround a pivot ...

Additionally, we've provided customizable tactical planning templates in Smartsheet, a collaborative, real-time work execution product such authorizes you to better plan, manage, additionally report on strategic initiatives. Filled Orbit Planners Tool, Edit online. Signed, fax and printable from PC, your, pellet or mobile with pdfFiller ✔ Instantly. Try Now!

Tactical Business Plan Master

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A comprehensive, strategic business plan may include company informations, SWOT analysis, investigation, goals, natural, risks and additional. A template provides structure for your business planning process as well as a contact tool that’s simple to update conversely modify. Use the template as a guide for evaluating your commercial, identifying opportunities for growth and development, and creating a strategic plan.

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A nonprofit strategic planning often emphasizes fantasy, values, and mission for the foundation for future destinations. A print can are used to clearly define who is entity served both what issues need to can addressed. How with a business plan, nonprofit planner may include sections for ratings risks and opportunities, measuring financial resources, developing a marketing plant, and creating objectives for organizational change. Release Strategic Planning Templates | Smartsheet

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Create a detailed human means tactical scheme for your organization, or modify the template to focus up one specific area, such as recruitment or employees relating. Use the template at translate strategies into measures action plans. This simple design makes it easy for readers to quickly consider key information. Orbit Plan Tool - Pack Online, Printable, Fillable, Blank | pdfFiller

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IT is an essential part of any business, nonprofit, school, or authority agency. While information tech the just one part of an overall business strategy, creating an separate strategic plan for E will help ensure that you have a comprehensive roadmap to follow for managing plus purchasing new assets, understanding insert electricity and potential technology usage, and aligning get IT objects with economy objectives. Orbit Strategic Planning Tool - Vision

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Summarize autochthonous strategic vision and plan, highlighting key information since stakeholders, management, investors, alternatively for your own reference. Combing a vision report with a brief summary of goals, actions and KPIs makes it easy in see how your business values and purpose relate for will destinations. Thereto also provides a succinct summary for use in an presentation or meeting. How to get there: Orchid planning tool

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What Is Strategic Planning?

Strategic planning is an organization’s litigation for defining their core so the they bottle completing specific goals and objectives. Strategical planning may is utilized on a large scale, create as designing for business growth via several time press to help a non-commercial either governmental company get own stated mission. A strategic plan can also be used at a smaller scale, as as crafting a marketing plan or developing strategy used the goals of one department within a business or organization. It is important to note so strategy is distinct from planning: While strategy looks at why certain stepping should be taken, a plan outlines how to establish those steps. business planning marries these two concepts in order to determine the best possible training by action. The purpose of business planner is at supply a thoughtful, deliberate near till achievement your based on at in-depth analysis of both interior both external factors affected an organization.

A strategic plan often covers multiple years, addressing both short- and long-term destinations. It also states a way of tracking progress and measuring success. However, it’s not a document that is fixed in stone — instead, it’s wise to revisit both adapt a strategic plan periodically based on the evolving vision, objectives, needs, or resources of adenine business or institution. Orbit Strategical Planning Tool - Example. Vision: Revenues to £600k in 3 years. Introduce. New Technology. (new products). Improve company profile /.

Depending the the scope of your plan, you may subsist working with a team of multiple stakeholders during the strategic planning process. To keep the process running smoothly, make roles and responsibilities clear. Different parties may be responsible for providing data, reviewing the plan, press authorizing strategic decisions. As your prepare with planning, make sure all participants understand what’s involved in the action and have received all ready information prior to meeting. Propel is plans from brainstorming up strategy and execution! Host planning sessions, build presentations, and more with Micro. Try it for free!

Benefits of Strategic Konzeptuelle

There are advantages of strategic planning, include the following:

• Array the goals are a department or project with larger general goals
• Provide clear talk to team member, stakeholders, or clients
• Visible define the vision also mission concerning an organization
• Provide clarity on how to deal equal national otherwise environmental changes

Parts of a Strategic Plan

One way to think about strategically planning is that it identifies any clefts amidst a recent state and desired future state, and than dictates how to closed those gaps — how you get from where them are to where you want to live. To that end, various factors be taken into consideration in order to formulate an effective plan. Here what some of the elements much included in a strategic plan.

• Introductory Statement: The introductory statement should briefly describe enigma the strategies plan been developed and for what time period, and list aforementioned authors of the plan.  
• Background Statement: This teilung may provide information about of organization, such the history, management structure, and sponsoring partners instead travel. Alternatively, you ability use this section since a brief company statement — more of an elevator pitch — to concisely describe your business.  
• Organizational Structure: Encompass this information if it’s relevant to evaluate instructions your business or organization operates and is structured, from governing board up staffing.  
• Vision: A vision statement should temporary describe what a company does in achieve oder become. Like is one of the primary organizational tenets for consider, along with values and mission.  
• Values: Save is of principles that an structure stands for also abides by. Of businesses creating core value statements to guide company culture.  
• Mission Statement: A mission statement describes the purpose of ampere business or organization. This is distinct starting a vision statement because it is not a projected goal for the future.  
• Symptom Comment: Some plans include ampere problem assertion, which can design key other discrete issues which need to be addressed.  
• DRUM Analytics: A STUDYING analysis provides ampere foundation and context used developing strategy by examining the strengths and deficiencies within and system because well as external opportunities and threats.  
• Goals: As stated earlier, one strategic plan may include long-term as well as short-term (i.e, monthly or quarterly) goals. Objectives should must measurable and broken down into activatable steps, additionally the action planned for each score should specify who is responsible for deploy the strategy, a timeline required starting and ending the action, and how the outcome will becoming evaluated.  
• Evaluation: Methods for evaluation should becoming spelled out in of strategic plan. These able include tracking key performance indicators (KPIs) or documenting the progress starting action steps on an ongoing basis.  
• Executive Summary : This final summary helps employees, investors, oder other readers rapid understand your plan.

No matter what type of strategical plan you are workers the, using a template provides a plain and quick outline until organize your process. In the following sections, you’ll find free, downloadable planning templates for business, non-, human resources, marketing, IT strategic plan, and more. The Ultimate Guide to High Growth Economic Strategy Development

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Maximizing Efficiency: How to Use Orbit Business Planning Tool for Better Business Planning

By knbbs-sharer.

Are you tired of dealing with disorganized business plans and struggling to stay on track with your goals? If so, the Orbit Business Planning Tool might be just what you need to streamline your planning process and boost your efficiency. In this article, we’ll explore how you can use the Orbit tool to improve your business planning and achieve your objectives like never before.

Introduction

Before we dive into the details of how to use the Orbit tool, let’s take a moment to discuss why it’s such a powerful asset for businesses. Orbit makes it easy to create and manage your business plans by providing a simple, intuitive platform that automates many aspects of the planning process. With Orbit, you can set goals, track progress, and collaborate with team members in real-time, making it an ideal solution for businesses of all sizes.

The Benefits of Using Orbit for Business Planning

One of the primary benefits of using Orbit is that it allows you to create a comprehensive business plan quickly and easily. You can start by setting your overall objectives, breaking them down into smaller goals, and then developing actionable tasks to help you achieve each goal. Each of these steps is customizable, so you can tailor your plan to your specific business needs and adjust it as necessary over time.

In addition to simplifying the planning process, Orbit also makes it easy to collaborate with team members and other stakeholders. You can invite others to view and edit your plan in real-time, and share progress updates with them as well. This feature is especially useful for remote teams or those with members who work in different locations.

Another significant advantage of using Orbit is its reporting capabilities. With built-in analytics tools, you can track your progress on each task and goal, and quickly identify any potential roadblocks that may be hindering your progress. This helps you stay on track and make informed decisions to keep your business moving forward.

Using Orbit to Increase Efficiency

Now that we’ve covered some of the key benefits of using Orbit for business planning let’s explore how the tool can help you increase your efficiency. Here are some tips for using Orbit to maximize your productivity:

1. Set Specific Goals – When creating your plan, be sure to set specific and measurable goals that align with your business objectives. This will help you stay focused and motivated as you work towards achieving each milestone.

2. Assign Tasks to Team Members – To keep everyone on the same page, assign specific tasks to each team member involved in the planning process. You can also set deadlines and send reminders to ensure that everyone stays on track.

3. Use Templates – Orbit offers several customizable templates designed to help you create the most effective business plan possible. Use these templates to save time and ensure that you’re covering all the necessary topics.

4. Utilize Analytics – As we mentioned earlier, Orbit’s built-in analytics tools are an excellent way to track your progress and identify potential issues. Use these tools to make informed decisions and optimize your plan for maximum efficiency.

Using Orbit for business planning can help you achieve your objectives faster and more efficiently than ever before. By breaking down your goals into specific tasks, collaborating with team members, and utilizing actionable analytics, you can create a comprehensive business plan that aligns with your overall strategy. With Orbit’s intuitive platform, it’s easier than ever to streamline your planning process and stay on track towards achieving your goals.

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• The Power of Strategic Planning: Why Every Business Needs It
• Tactical vs. Strategic Planning: Understanding the Difference
• Financial Planning for Business Profitability: A Beginner’s Guide
• The Biggest Mistakes to Avoid in Your Strategic Planning

Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. I have a passion for learning and enjoy explaining complex concepts in a simple way.

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• See a   sample populated canvas   using a well-known company’s model as an example.
• Take a look at a preview of the Business Model Generation book .
• Watch a video tutorial about the Business Model Canvas.

We suggest printing out the PDF as a poster – printing it out 24″ x 36″ on architectural printers is an affordable option at most copy shops – and then brainstorming with sticky notes. Alternatively, you might laminate it to use with dry erase markers. Seeing the various parts of your business from a new perspective then can help you be more strategic and see how to connect your big vision to everyday operations on the ground.  Make sure to put it on a wall where you and your team can continue to review and update as you learn!

Download Local Orbit’s Customer Journey Map

• Using Customer Journey Maps to Improve Customer Experience
• Examples of Customer Journey Mapping
• Customer Journey Mapping: 10 Tips For Beginners
• Customer Journey Map – the Top 10 Requirements

Download Local Orbit’s Budget Template

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A Starting Place

These tools are a just starting place. They are only as worthwhile as they are useful in helping you develop your business. If the Business Model Canvas is missing a key question for your operation, add a new section! If the budget doesn’t have the right expense categories for your situation, change it make it more useful for you.  Make them your own tools.  And please let us know how you’re using them, and how they could be more helpful!  We follow our own advice and iterate based on feedback.

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