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An operational plan is essential for effective business operations and is part of the business's strategic plan. It outlines how work will be done from start to finish, including the resources needed for success. Strategic planning sets the vision and goals, while operational planning translates this into daily workflow. It should involve cross-departmental collaboration for finance, HR, and IT issues. An operational plan addresses key questions like current position, future goals, action steps, and progress measurement. Key components include staff, skills, and funding requirements.
