Asked by Achera Weaver on Jun 25, 2024
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Operational plans define what needs to be done in specific functions or work units to implement strategic plans and achieve strategic objectives.
Operational Plans
Detailed plans formulated by an organization to implement its strategic goals, focusing on short-term actions and resources.
Strategic Plans
Strategic plans are forward-looking documents that outline an organization's goals and the strategies intended to achieve them over a long-term period.
Strategic Objectives
Specific goals set by a business to achieve its long-term vision and mission, guiding its strategic planning.
- Distinguish among strategic, tactical, and operational planning.
- Understand the various kinds of plans and budgets utilized within a corporate setting.
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Learning Objectives
- Distinguish among strategic, tactical, and operational planning.
- Understand the various kinds of plans and budgets utilized within a corporate setting.
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