Becton Dickinson

BECTON DICKINSONDESIGNING STRATEGIC, OPERATIONAL, AND PLANNING PROCESS

THE NEW FINANCIAL

 The main Objective of the SOF Process is to provide Business managers with the criteria to decide how to craft their strategy and how to allocate their resource. The Role that SOF Process should play in Strategic, operational and Financial planning at Becton Dickinson are:  It provides the detailed information of customer analysis and segmentation  To meet financial projection  Reviewing Strategy and approval across business units and worldwide teams  Environmental analysis  Developing Budget and finalizing it  Competitive Positioning and industry maturity  Business Strategy  Planning the profit and loss across business units and worldwide teams  Marketing, Manufacturing, and technology strategies  Human resource summary  Risk assessment  Evaluation of budget for each fiscal year and evaluate its performance  Elements of 1993 SOF Process which I would like to keep are:  The organizational structure of the company was built on the foundation of the restructuring of the 1980’s. The division of company into two sectors ie Medical Products and Diagnostics Products so that there is accountability for each division and responsible for profit and loss and financial results.  Transactional Management that stressed the importance of developing new processes and ways of thinking about company’s global business.  Quarterly meetings of teams, responsible for formulating global business strategy on important issues like R&D, manufacturing, capacity and equipment plans, and new product development strategy

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Worldwide teams which were effective in developing successful new products  Elements that should be eliminated from 1993 restructuring:  There should be proper distribution of works among different worldwide teams and all business divisions should all worldwide teams  There should be equal budget allocation freedom to all worldwide teams.

 To evaluate the new SOF system, Jack fuchs should consider the following criteria:  Jack must rationalize the communication system between corporate and business managers with accountability and performance expectation.  He must consider objectives of corporate management, business units, and worldwide divisions.  The plans should be executed at lowest possible organization level.  He must standardize element of planning system in the organization  There must be proper evaluation of planning that leads to increase the top line growth  Proper evaluation to fulfill non financial goals  Proper budget allocation and regular evaluation of budget allocation division and its performance.  Regular evaluation of job responsibilities and power given to decision making for worldwide business team.  Integration of worldwide teams, regions and countries and regular evaluation of performance  He must check so that no one uses power in wrong way and try to improve the guidelines for corporate divisions