Operational Strategy

The video tutorial explains the concept of operational strategy within an organization, detailing how it involves planning objectives and tasks at various levels. It distinguishes between operational, competitive, and functional strategies, emphasizing the importance of operational efficiency in furthering competitive strategy. The tutorial also highlights the different organizational levels, from routine tasks to executive planning, and compares operational strategy to functional strategy, which is more department-focused.

What is the primary focus of the lowest level in an organization?

• Strategic planning

• Routine tasks

• Executive decision-making

• Market analysis

How does an operational strategy relate to a competitive strategy?

• It focuses solely on financial goals.

• It replaces the competitive strategy.

• It is unrelated to competitive strategy.

• It supports the competitive strategy by enhancing operational efficiency.

What is a key characteristic of operational efficiency?

• Focusing only on short-term goals

• Undertaking tasks that effectively achieve objectives

• Ignoring competitive strategy

• Maximizing resource usage without regard to objectives

How is a functional strategy different from an operational strategy?

• It focuses on external market conditions.

• It is more targeted and specific to a department.

• It does not support the competitive strategy.

• It is broader and covers the entire organization.

What is the main goal of both operational and functional strategies?

• To develop new products

• To focus on individual employee performance

• To further the competitive strategy

• To compete with other organizations