Airport business plan vs strategic plan

A business plan sets your course The business plan is a broader, more preliminary document that sets your course when your company may still be nothing more than a twinkle in your eye.

Business plan vs. strategic plan: Differences you need to know

Although not part of an airport business plan, primary guiding documents can be integral to the successful implementation of an airport business plan.

If a participant has a bias in a certain area, the bias needs to be disclosed and discussed. A strategic plan focuses on building a sustainable competitive advantage and is futuristic in nature.

While contemplating this snapshot of airport activity, the airport manager began to think about the process of developing and implementing an airport business plan. In addition to the airport business plan, other documents can be used to operate and manage a general aviation airport.

Many smaller companies — including startups never develop a Strategic Plan. In comparison, primary guiding documents are policies, which are typically binding on the airport sponsor, customers, and stakeholders, that are used airport business plan vs strategic plan govern the operation and management of the airport.

The following steps are consistent with a best-practices approach for obtaining buy-in: There are interrelationships among these documents. Differences you need to know Share Business plan. Therefore, it must contain an action plan with specific activities, due dates and who is responsible for each activity.

To gain support for an airport business plan, it is crucial to be able to explain the contribution of the airport to the community. Page 18 Share Suggested Citation: Secrets and Strategies, 5th edition, R. A description of each document follows. In some cases, the facilitator and the champion may be the same person.

The airport manager was relieved that the budget had been approved, the operating subsidy had not been reduced, and expenses did not need to be cut further.

Whenever a planning document is being introduced or updated, all other planning documents should also be reviewed to ensure alignment among the plans. However, a vision statement, SWOT analysis, and long-term strategic goals which are usually part of the strategic plan are also important in creating a business plan.

Each of the ancillary elements is discussed in detail in Chapter 4. Whereas a business plan is critical if the business is seeking funding. The business plan and the strategic plan are both essential planning tools for your business.

An airport business plan uses a logical and disciplined structure to set out goals, objectives, and action plans that drive the day-to-day operation and management of the airport. Primary guiding documents are a compendium of policies, standards, guidelines, rules, and regulations governing the operation and management of an airport.

This is your organizational structure, HR requirements to staff your team and your needs in terms of space, equipment and distribution. Living documents Both a business plan and a strategic plan are living documents that must be reviewed at least annually.

The National Academies Press. In such a case, it may be necessary to enlist the help of outside resources. The relationships among the preparation phase, development phase, principal elements, functional areas, and implementation phase are summarized in Figure This ability to tailor and communicate this message clearly and consistently to various groups is critical to the success of the public relations program.

However, a strategic plan is different in that it sets out the detailed roadmap you will follow in the next few years to achieve your objectives.

Guidebook for Developing General Aviation Airport Business Plans

Its purpose is to define where you want to take your business. Larger organizations with multiple business units and a wide variety of products frequently start their annual planning process with a corporate-driven strategic plan. If a strategic plan does not exist, a business plan can drive a master plan.

Typically, an airport master plan has a time horizon of 20 years. Airport Business Planning Process 21 Figure During the preparation phase, airport management must make the case for an airport business plan and obtain buy-in from policymakers before developing the plan.Home > Articles and tools > Business strategy and planning > Define your strategy > Business plan vs.

strategic plan: Differences you need to know Start or buy a business Business strategy and planning. January Strategic Business Plan for The Muskoka Airport - 3 Plan Basis Vision: The long-term vision for Muskoka Airport is.

TRB’s Airport Cooperative Research Program (ACRP) Report Guidebook for Developing General Aviation Airport Business Plans is designed to help airports develop and implement an airport business plan and maximize financial self-sufficiency.

The guidebook identifies the role, value, and the. SAN ANTONIO AIRPORT SYSTEM STRATEGIC PLAN SAN ANTONIO AIRPORT SYSTEM STRATEGIC PLAN San Antonio Airport.

With the new Strategic Plan as our guide, we will improve the customer experience, take our business to new heights, and enhance the airport’s contribution to. TRB’s Airport Cooperative Research Program (ACRP) Report Guidebook for Developing General Aviation Airport Business Plans is designed to help airports develop and implement an airport business plan and maximize financial self-sufficiency.

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Airport business plan vs strategic plan
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