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SOF In Strategic Finance And Operational Planning Case Study

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1. What is the role of SOF in strategic, finance and operational planning at BD?
Ans. The role of SOF in strategic, finance and operational planning at BD:
• The SOF should support the vision, mission, and the values of Becton Dickinson
• It should reflect the changes in management structure and philosophy
• The SOF should be able to spread awareness and move information up to corporate level managers where planning was done and decisions were made.
• It should be able to quantify results so as to measure against the benchmarks set by organization.
• It should be able to bridge the gap between the present and the future of the organization
• It should be able to integrate activities to in different areas to achieve the common organization goal. …show more content…

It had two sectors i.e. Medical Products and Diagnostics Products headed by a sector president who had responsibility to make key decisions. Also that each is accountable for their division and responsible for profit and loss and financial results.
• The detailed and documented planning frameworks should be kept since it helps different divisions and help maintain the coordination among them.
• 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. The decisions made in these meetings dictated not only he constraints of next years budget but also the strategies business could follow.
• Transnational Management that emphasized on achieving both local responsiveness and global integration. It stressed on the importance of developing new processes and ways of thinking about company’s global business rather than adopting particular organizational structures.
• Worldwide teams which were effective in developing successful new products
SOF elements I would like to …show more content…

If issues are not resolved there will be no point in developing strategies as it will result in a failed implementation.

3. Your view with the 1996 changes in SOF?
The changes in 1996 in SOF:
• It eliminated the required planning frameworks and supporting documentation required in the SOF process.
It allowed more freedom in the way that business managers analysed and communicated major strategic issues also saved a lot of time of managers. But on the other hand could result in confusion as the managers are used to working on a specified and detailed planning process. This actually led to poor coordination among the county, functional and regional support plans.
• Eliminating communication from corporate to business managers specifying performance expectations for the upcoming planning period.
It helped the managers focus on the year on year improvement rather than reacting to an artificial budget goal.
• July and September budget submissions were rolled into one September submission which fell short of company goals.

4. Analysis (critique) the SOF process.
Analysis of new SOF

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