Key Performance Indicator Assessment

All members involved in the plan must have the same target and goals. Do not get confused with operational planning and strategic planning because there is a big difference between the two. Operational planning is more on the financial aspects. Always keep in mind that you are in a plan that involves the current events in the market while foreseeing the future changes. It is very important to have a clear communication with your staff from time to time so that every idea will be refreshed. A single error or misguidance can actually create a big impact in your entire plan so be cautious about

Resources can mean many things when you are preparing an operational plan. What kinds of ‘resources’ might you have to plan for?

The operational plan is an essential component to your business plan and it tells the reviewer how your going to get your product/service out to market. That is, how are you going to get your product out of the production stage to the doorstep of you target customer.

The purpose of strategic planning is to help position the organization to achieve a larger competitive fit in its environment in order to accomplish its goals (Plunkett, Allen, & Attner, 2013). A strategic plan looks at everything an organization could accomplish and confines it to the things it is essentially good at doing and assists in deciding where to spend time, human capital, and money. There are several steps organizations should follow in the strategic planning process. The strategic planning process begins with the construction of a mission statement and goals. Strategic planning needs managers to frequently analyze the internal and external environments by evaluating strengths, weaknesses, opportunities, and threats; reconsider the organization 's mission statement, goals, and strategies for continual significance, making amendments as necessary; formulate a strategic plan having goals, strategies, and resources; apply the strategy or strategies; and monitor and evaluate the results (Plunkett, Allen, & Attner, 2013).

Purpose: to develop and implement strategic plan to support business in term of operational plan.

After strategic planning, has taken place and filtered down through the management team, operational planning takes place to execute the mission. Strategic planning provides the vision for where the organization is heading; however, operational planning is where the intricate details establishing mission completion is completed. Per Satterlee (2013) “the operational level, an integral part of the planning process consists of specific details – to whom, what, when, and how – and includes functional areas within the organization, such as marketing, finance, and distribution” (p.69). During the operational planning phase, each section within the organization is provided with their responsibilities for task completion. Managers conducting operational planning must factor in issues such as budgetary concerns, policy and procedures, and team

Strategic management is a critical ideology when it comes to developing a competitive advantage in a particular industry. Through implementing and managing feasible strategies a firm is able to develop versatility and the ability to manipulate its resources in accordance with changes in the external environment.

Strategic Management and Planning is a course of decisions and actions which ultimately lead to the development of a strategy to help a company achieve their objectives. Strategic planning focuses on the company’s long term range and how to accomplish what is laid out. Effective planning will help to prevent problems, provide a response if problems occur, and make available information and support needed to maintain public awareness, safety, and confidence.

Bladen et al (2012:79 ) ,state that, “ Operational planning takes place after the strategic plans have been put in place .” and say that these are a set of plans which detail the skills and resources needed to manage an event.

Strategic management is a broader term that includes earlier steps of determining the mission and objectives of an organization within the context of its external as well as internal environment. The basic steps of the strategic management can be examined through the use of strategic management model.

“Strategic management is the comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and align resources and actions with mission, vision and strategy throughout an organization” (Strategic management, n.d)

An operational plan is needed in order for the enterprise to be successful. All organization has a blueprint of ways every task in the company will be accomplished. What mission must be finished, the number of individuals wanted to finish the roles, how lengthy will it take for undertaking to be finished and the fee of work completed ought to be diagnosed in the operational plan. This paper will encompass an operational plan. It’s going to define the business enterprise’s imaginative and prescient, venture, and values. It outlines the fundamental making plans technique for the corporation, and describes how the 3 stages of control have an impact on this process. It’ll provide an explanation for why the best, productivity and profitability

The organization’s vision and mission should be addressed during the forefront of the planning stage, in order to effectively address and plan accordingly. Strategic planning to analyze any opportunities or threats, as well as the strengths and weaknesses of the organization is needed in order to complete the desired goals and objectives. Once the goal and the strategic plan have been evaluated the manger will need to transition into the operational stage of planning. Operational planning will enable the manager to decide how to departmentalize or group certain personnel and positions and coordinate for maximum efficiency.

Undergoing the process of strategic planning can go a long way in helping to ensure the survival and growth of an organization it seeks to eliminate the weaknesses of an organization and to confirm its strengths. It also analyses the environment and other factors that might affect the smooth running of an org and tries to rectify them accordingly and also to give the organization competitive advantage.

An operational business plan is developed to carry out the daily operations of a business. An