Operational planning vs strategic planning
Though related to each other, these two planning strategies differ in their focus.
A strategic plan is a business-level plan of your long-term strategy for the next three to five years. An operational plan is smaller in both scope and timeline. The goal of operational planning is to outline the daily actions you need to take to hit your strategic goals.
strategic planning is about looking ahead into the future, identifying the upcoming pipeline, and figuring out how you can prepare for it. On the other hand, Operational planning is the process of the day-to-day work to execute your strategy. It ensures you have all the resources and staff necessary to get work done efficiently.
Unlike a strategic plan, an operational plan should also focus on implementation. What daily and weekly actions does your team need to take in order to accomplish your longer-term strategic plan? What specific Key Performance Indicators (KPIs) do you need to track on a regular basis in order to ensure that your team is progressing towards your objectives? These details should be captured in your operational plan.
We will help you develop an effective operations plan with the following steps:
A strategic plan is a business-level plan of your long-term strategy for the next three to five years. An operational plan is smaller in both scope and timeline. The goal of operational planning is to outline the daily actions you need to take to hit your strategic goals.
strategic planning is about looking ahead into the future, identifying the upcoming pipeline, and figuring out how you can prepare for it. On the other hand, Operational planning is the process of the day-to-day work to execute your strategy. It ensures you have all the resources and staff necessary to get work done efficiently.
Unlike a strategic plan, an operational plan should also focus on implementation. What daily and weekly actions does your team need to take in order to accomplish your longer-term strategic plan? What specific Key Performance Indicators (KPIs) do you need to track on a regular basis in order to ensure that your team is progressing towards your objectives? These details should be captured in your operational plan.
We will help you develop an effective operations plan with the following steps:
- 1. Developing a strategic plan
- 2. Break down tasks to specific departments or people
- 3. Development of business unit business plans and budgets
- 4. Define goals and timelines for specific teams
- 5. Analyze the difficulty and focus of tasks, develop cross-sectoral coordination plans, and identify key initiatives and key performance indicators.
- 6. Allocate resources and budget
- 7. Record and track progress
- 8. Appraise, reward and penalize