what is the difference between strategic and operational planning give an example?
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A strategic plan is developed to help the organization achieve its long-term vision. Conversely, operating plans involve the process of deciding what needs to be done to achieve the tactical objectives of the business. Operational planning is done to support strategic planning efforts.
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In short: A strategic plan outlines your mission, vision, and high-level goals for the next three to five years. ... An operational plan (also known as a work plan) is an outline of what your department will focus on for the near future—usually the upcoming year.
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Strategic planning is essentially the "why" that drives an operation. ... Financial planning is all about allocating finite resources -- such as money, employees and equipment -- over time, to reach the broad goals set out in strategic planning.
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In general terms, a strategic plan is an overview of an organisation's objectives and the methods of achieving those objectives, whilst operational plans are the means by which different parts of the organisation will use their resources to achieve the strategic objectives.
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Strategic change initiatives involve shifts in the culture, thought, or mission of the business. Operational change initiatives involve the way employees work and lead to changes in systems, processes, or both. ... Operational change initiatives, on the other hand, are taken on to change a process or a system.
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The organization strategy provides the overall direction for the organization. It is broad in scope, covering the entire organization. Operations strategy is narrower in scope, dealing primarily with the operations aspect of the organization. Describe and give examples of time-based strategies.
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Strategic planning is the process of formulating a direction for an organization, while strategic management is the process of determining how this direction can be achieved. ... Most businesses complete some form of strategic planning; they have a series of business initiatives and a rough idea of their goals.
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It is not a strategy, it is a necessity. Porter wrote: Operational effectiveness (OE) means performing similar activities better than rivals perform them. ... In contrast, strategic positioning means performing different activities from rivals' or performing similar activities in different ways.”
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Business strategy is matching customer needs with real systems defined by boundaries. Operations are those activities which transform resources into goods and services, whereas supply chain refers to activities which move information and materials from manufacturing to firms and customers.
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 Answer: A firm's mission is its purpose or rationale for an organization's existence, whereas a firm's strategy is how it expects to achieve its mission and goals.
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Strategic marketing planning involves setting goals and objectives, analyzing internal and external business factors, product planning, implementation, and tracking your progress. Consider the example of Apple, winner of the CMO Survey Award for Marketing Excellence for the past seven years.
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The most important difference between a strategic and an operational objective is its time frame; operational objectives are short-term goals, while strategic objectives are longer-term goals.
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The difference is in the scale of the thought. A strategy is an overarching way of thinking about a problem or idea, whereas the method is exactly what you are going to do. ... Strategy in teaching is the ground work that describes why you would pick a specific method in a given situation.
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Business operations, on the other hand, are ongoing activities that produce long-term, repetitive outputs, such as manufacturing products or supplying services. Therefore, an operations manager's role is ongoing, whereas a project manager's role—in regards to a specific project—is temporary in nature.
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The major difference between supply chain management and operations management is that supply chain is mainly concerned with what happens outside the company – obtaining materials and delivering products – while operations management is concerned with what happens inside the company.
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There are three major types of planning, which include operational, tactical and strategic planning. ... Operational plans are made by frontline, or lower-level, managers and are focused on the specific procedures and processes that occur within the lowest levels, almost the individual level, of the organization.
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There is no clear demarcation between operation and business strategy. However the business strategy is more holistic and affects the business in long term, while the operation strategy helps company to serve its customers in a better way. Operation strategy also helps to improve the bottom line of the company.