Overview of Operational Plan

Operational planning is the implementation of tactics to achieve strategic objectives. It involves managing every step in the business value chain, from ideation to product delivery and customer feedback. Key elements include setting timelines, goals, and budgets, and understanding cost structures. Effective operational planning ensures proper pricing and resource allocation throughout the business lifecycle.

What is the relationship between business strategy and operational planning?

Describe the steps involved in the operational planning process.

How does customer feedback influence operational planning?

What elements are generally included in operational planning?

What is the significance of budgeting in operational planning?