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An operational plan is a critical component of a business's strategic plan, detailing how work will be executed from inputs to outputs, including necessary resources. It converts strategic goals into daily workflows to achieve desired outcomes. Prepared by those involved in execution, it often requires input from various departments like finance, HR, and IT. The plan addresses four key questions: where are we now, where do we want to be, how do we get there, and how do we measure progress. Essential components include the staff and skills needed for implementation and the required funding to support the project.