How will you relate operating plan to business strategy? Explain.
Answers
Answer:
A strategic plan is used to outline company objectives and to identify the methods in which those objectives can be reached. An operational plan is the comprehensive way in which each department or division will use its resources to achieve company goals.
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Answer:
The process of business planning is made up of several steps. A strategic plan is used to outline company objectives and to identify the methods in which those objectives can be reached. An operational plan is the comprehensive way in which each department or division will use its resources to achieve company goals. Strong links between the strategic plan and the operational plan are needed to allow the company to operate efficiently.
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