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An operational plan is a crucial part of a business's strategic plan, outlining how work will be done, resources to be used, and workflow from input to end result. It translates the vision and goals of strategic planning into daily business operations. It should be prepared by someone involved in implementation and may require input from various departments. The plan addresses four key questions: current status, goals, implementation strategy, and progress measurement. Key components include staff, skills, finances, and technology needs.