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An operational plan is crucial for effective business and is a part of the strategic plan. It outlines how work will be done, from input to end results, including resources needed. Strategic planning provides vision and goals, while operational planning translates this into everyday workflow. Cross-departmental involvement may be needed for finance, HR, and IT issues. An operational plan addresses where we are, where we want to be, how to get there, and how to measure progress. Key components include staff, skills, and funding for project implementation.