Operational Plan Of A Business Plan

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The division manager (your new boss) has just informed you that part of the corporate strategic plan is to increase the return to shareholders over the next five years.

The division manager's tactical plan to support the corporate goal has three parts.

He also wants to know if you will require any additional financial resources or manpower to implement your plan.

Let's get started by looking at the tactical plan items and trying to get some ideas about what you can do: Let's take a closer look at the idea of cutting costs by improving the workflow within the manufacturing process.The information from the operational plan would normally feed into the plant's annual operating and financial budgets.These budgets could then be used by upper management to evaluate the progress and performance of the plant.This diagram shows three levels of planning: Let's summarize the characteristics of an operational plan.First, it assumes that upper management has prepared both a strategic plan and a tactical plan.As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more.Plus, get practice tests, quizzes, and personalized coaching to help you succeed.Each product is manufactured in a separate plant run by a plant manager who prepares a separate operational plan.Operational plans can be subdivided into two categories: Congratulations, you have just been appointed plant manager for product C!In addition, the production workers would have to be trained in the new process.Once again, you would have to define who would do the work, when and where it would occur and how much it would cost.

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