b) Define the difference between Strategic Plan and Operational Plan. Discuss your answers with examples.
Q: When an organization is evaluating its strategic position, which is NOT one of the strategic…
A: Strategic management refers to managing the resources of an organization for the purpose of…
Q: Understanding strategy and performance components consist of what, an describe why this components…
A: Answer: Understanding strategy and performance components of an organization is important for…
Q: Identify the 10 operations management decisions through the use of talented and responsible staff to…
A: Operations management decisions are those decisions which possess those decisions made by the…
Q: Explain the different types of planning for the different levels of management.Include the typical…
A: The different types of planning for the different levels of management are:
Q: 1. What is a Business Plan for? 2. What type of business that is on high demand today? Why?
A: Introduction:- A business plan is a published statement that explains in detail how a…
Q: In youur experience when developing and implementing strategy, does the organization effectively…
A: Strategic management involves intentionally organizing the resources and deploying them to meet…
Q: describe operational plans and give a example
A: An Operational Plan is a highly detailed plan that provides a clear picture of how a team, section…
Q: What analysis is needed for strategy formulation?
A: An organizational strategy would contain the actions that the firm should perform to accomplish the…
Q: What's the difference between technical feasibility, economic feasibility, and operational…
A: Project feasibility is the study that shows whether the project is going to succeed or not.
Q: Evaluate theos new strategy in light of the strengths weaknesses opportunities and threats.
A: The most significant advantage that the Company has over its competitors is that it establishes…
Q: What are the five distinctive characteristics of operations strategy which are the result of overall…
A: As a result, an overarching strategy emerges with five main characteristics:
Q: ASSUMING Being a MANAGER in your company, How will you manage a) Product and Service Operations? b)…
A: Manager is the person who manages or controls the workings of the organisation. Manager is the…
Q: What is strategy implementation?
A: Strategic management involves managing the resources of an organization in order to achieve its…
Q: Explain what are the differences between strategic,Tactical and operational planning and provide an…
A: Below, we will cover the distinctions between Strategic, Tactical, and Operational planning in…
Q: Briefly discuss the advantages and disadvantages of planning strategies. Vary the size of…
A: Solution- Strategic Planning- Planning is the process by which top management evaluate their future…
Q: Identify and describe what issues and associated business risks may arise from starting a new…
A: Every business has risks whether it is a big or a small business. And while starting any new…
Q: type of plan
A: “Planning is the systematic management of resources and priorities,” says the author.Despite the…
Q: What types of business organizations should evaluate strategy more frequently than others?
A: Here, evaluating strategy refers examining the already implemented strategy based on the present…
Q: Similarities and differences between tactical and operational planning?
A: Tactical planning is a planning which arises after an organization develops a strategic idea…
Q: Describe the difference between top-down(directed)and bottom-up (emergent view of operations…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Create a unique mission statement for the online shopping company. *Mission statement would be…
A: A mission statement is described as a statement that is entirely based upon the action and promises…
Q: What is operations strategy implementation?
A: The operations strategy of a firm is primarily concerned about carrying out daily activities so as…
Q: Differentiate the following concepts: - Strategic Plan and Tactical Plan - Vision and Goal -…
A: Organizations implement various strategies and concepts to make the management process effective.…
Q: What are the distinguishing characteristics of an operational strategy?
A: Operational strategies were those that assisted a firm in achieving its goals. The effectiveness of…
Q: Describe the strategy formulation?
A: An organizational strategy would contain the actions that the firm need to perform in order achieve…
Q: Explain each of the four quadrants in this matrix with appropriate strategies that may work out for…
A: Strategy: The strategy is a form of plan to attain the long-horizon goals after considering the…
Q: What three levels of planning involve operations managers? What kinds of decisions are made atthe…
A: Answer: Three levels of planning which involve operations managers are- Short-term planning…
Q: Explain WBS? How does it help in preparing good plan?
A: Good project managers always make it important to break down the tasks, in deliverables, and…
Q: Discuss what the relationship between jon design and strategy implementation?
A: A strategy is any long-term plan that is focused on the competitive power of a company.
Q: 1. Do you think that the purpose statement for HRP was a good one? Why or why not?
A: Human resource planning is defined as the process of planning, evaluating, analyzing the human…
Q: 1 (a) Using Southwest Airlines as an example, ex- plain how a mission statement gives it a strategic…
A: Southwest Airlines is a U.S company. It is a large Airline company. It is also cost effective, as it…
Q: What are the difference between Overall Cost Leadership and Differentiation strategy?
A: Note: As you have posted two different questions, as per guidelines, we can answer the first…
Q: Explain the STRATEGY FORMULATION?
A: The process of picking the most suitable game plan for the acknowledgment of authoritative…
Q: 1. Write short notes about distinctive competence 2. What is SWOT analysis 3. What is order…
A: *As per the guideline of multiple questions first part is answerable, please repost the remaining…
Q: Explain how value chain is been used as a basis for planning overall strategy?
A: The value chain is the business strategy that allows the firm to create and deliver valuable…
Q: Give an example of Strategic plan, Tactical plan and Operational plan, and Contingency plan
A: Planning is the way toward considering and putting together the exercises needed to accomplish an…
Q: How is strategy to be implemented
A: Strategy implementation is the process of putting plans into action to achieve a desired outcome.…
Q: How do you compare, strategic, tactical and operational planing
A: Ans. Strategic, tactical and operational plans are coordinated game-plans planned to accomplish a…
Q: What are trade-offs, and how do operational efficiency goals compete with one another?
A: The importance of performance assessment lies in their willingness to compare the operations'…
Q: Questions: a) If you were the consultant, what steps would you suggest to get the company to plan…
A: To run a successful company, the superior has to make sure that everything is working and going on…
Q: Using one classic, one modern, and one radical approach to determine system needs during analysis.…
A: Interviewing and Listening : Interviewing is one of the traditional ways the analysts collects…
Q: What are the advantages of Horizon Planning? When does it come into play?
A: Horizon planning refers to the time that an organization uses in order to look into the future while…
Q: What are the strategic plan, situation analysis, objectives, swot analysis and plan for short term…
A: Due to the advent of recent covid-19 pandemic, world’s greatest online commercial…
Q: Identify types of organizations that may need to evaluate strategy more frequently than others.…
A: The strategy is an administrative course of action that is designed to achieve success in the face…
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.structionsRead BE 2.0 chapter 7, pages 171-191. Anwer the following questions What is strategy? How is it developed and how does it support the vision?1. How does efficiency differ from effectiveness? Give an example of a goal that has been achieved efficiently and effectively. 2. Discuss the linkage among corporate-level strategy, business-level strategy, and functional strategy.
- Explain what are the differences between strategic,Tactical and operational planning and provide an example for each ?What are the key differences between a strategic and operational plan? Explain.What are the fundamental principles of the business strategy, and how does it vary from the corporate strategy?
- A plan is prepared that is long-term in nature and it was decided what activities will be done for achieving the plan. It was also decided how many employees will be needed, capital for achieving goals, and what type and how big of an office or land is needed for achieving this plan. Which hierarchy of plan is discussed? a. Strategy b. Procedures c. Policies d. ObjectivesIdentify types of organizations that may need to evaluate strategy more frequently than others. Justify your choices. Explain in details ?In youur experience when developing and implementing strategy, does the organization effectively balance short and long-term priorities? Why?
