The PINOY BOSS (PB) would make a plan that outlines the progress of his/her business from its present status up to a certain level of improvement at some future time. It shows the movement of the business from one point to another higher point. It is as if driving his/her bus (the company) from one location (A) to another far location (B). This is called corporate planning.
Just like in driving, the PINOY BOSS would need a map and directions (strategy) to guide him/her in reaching the desired destination (objective). The PB would also identify landmarks (benchmarks) that will tell him/her if he/she is in the right track and what progress has been made.
Before the PB embarks on the journey, he/she analyzes the strengths (good engine condition) and weaknesses (bad suspension) of his/her bus as well as opportunities (chance to load more passengers perhaps) and threats (traffic jam) he/she expects to encounter along the way that will positively or negatively affect the trip.
The PB also studies well before travelling the best routes to take (action plans) and makes sure that the bus gauges are all functioning properly so he/she at periodic intervals (monthly, quarterly, and annual reporting) can determine how the bus is doing during the journey.
The employees are the assistant drivers, navigators, mechanics, conductors, and inspectors that help the PINOY BOSS operate the bus in its travel towards the desired destination. How all these people inside the bus work together will determine the success or failure of the trip.
We value your feedback.