BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A strategic plan is a short term plan of action for a business
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A tactical plan is a long term plan of how the strategic plan is to be achieved
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An operational plan is to do with the day-to-day running of the business
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None of the above
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Detailed explanation-1: -What Is Operational Planning? Operational planning is the process of creating actionable steps that your team can take to meet the goals in your strategic plan. An operational plan outlines daily, weekly, and monthly tasks for each department or employee.
Detailed explanation-2: -Operational planning vs strategic planning Operational planning is the process of the day-to-day work to execute your strategy. It ensures you have all the resources and staff necessary to get work done efficiently.
Detailed explanation-3: -An operational plan (also known as a work plan) is a highly detailed outline of what your department will focus on for the near future-usually the upcoming year. The plan will answer questions-who, what, when, and how much-regarding daily or weekly tasks.
Detailed explanation-4: -Operational Planning This type of planning typically describes the day-to-day running of the company. Operational plans are often described as single use plans or ongoing plans.