Acronyms

Six Business Planning Acronyms

Business management skills


1. GOSPA
Goals, Objectives, Strategies, Plans, Activities

This is a simple blueprint and order of thinking for business planning of any sort, even for large complex challenges and entire businesses.

2. IDEA
Identify, Design, Execute, Augment

Process for changing anything. Identify the issues, priorities, constraints, resources; Design the plan; Execute the plan; Augment, refine, adjust and improve activities to consolidate change.  

3. MMM or 3M
Measurable, Manageable, Motivational. 

The three essential legs for any contracted arrangement or understanding, or delegated task. Remove any of the three legs and the structure falls over.      

4. 4P (also PPPP)
Piss-Poor Prior Planning

Used in military contexts. 

5. PDCA 
A four-step model for carrying out change:

Plan, Do, Check, Action

6. DMAIC
Used for improving, optimizing and stabilizing business processes:

Define, Measure, Analyze, Improve, and Control.

 

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