Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Question
Chapter 8.5C, Problem 4CC
Summary Introduction
To determine: The objective of operational planning and the four steps that are used to accomplish this objective.
Introduction: An Operational Plan is a profoundly comprehensive plan that gives a reasonable picture of how a group, area or office will add to the accomplishment of the business's objectives. The operational arrangement maps out the everyday undertakings required to maintain a business.
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What is the objective of operational planning?
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Identify five (5) items commonly found in the operational and financial plan. Describe how each is differently presented in the operational and financial section.
Chapter 8 Solutions
Foundations of Business (MindTap Course List)
Ch. 8.1A - List the major activities in operations...Ch. 8.1A - Prob. 2CCCh. 8.1A - Prob. 3CCCh. 8.3 - Prob. 1CCCh. 8.3 - In terms of focus, magnitude of change, and...Ch. 8.3B - Prob. 1CCCh. 8.3B - Prob. 2CCCh. 8.3B - Prob. 3CCCh. 8.4B - Prob. 1CCCh. 8.4B - Prob. 2CC
Ch. 8.4B - Prob. 3CCCh. 8.5C - Prob. 1CCCh. 8.5C - Prob. 2CCCh. 8.5C - Prob. 3CCCh. 8.5C - Prob. 4CCCh. 8.6E - Prob. 1CCCh. 8.6E - What costs must be balanced and minimized through...Ch. 8.6E - Prob. 3CCCh. 8.6E - Prob. 4CCCh. 8.7C - Prob. 1CCCh. 8.7C - Prob. 2CCCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Do certain kinds of firms need to stress...Ch. 8 - Is it really necessary for service firms to engage...Ch. 8 - How are the four areas of operations control...Ch. 8 - Prob. 6DQ
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- Explore the ethical considerations involved in planning, including the potential conflicts between short-term gains and long-term sustainabilityarrow_forwardchanges to the company’s operations and then reviews the resulting revenue. What step in the planning/control cycle would this represent?arrow_forwarddescribe operational plans and give a examplearrow_forward
- Describe the elements of an operational strategy and their alignment with company and other realistic objectives.arrow_forwardBriefly discuss the advantages and disadvantages of each of these planning strategies:b. Vary the size of the workforce to correspond to predicted changes in demand requirementsarrow_forwardThe level of planning in the corporation should not be separated from the strategy of the company and the operations strategy. Why?arrow_forward
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