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An operational plan is a crucial component of a business's strategic plan, outlining how tasks will be executed, from input to final results, and detailing the necessary resources for success. While strategic planning sets the vision and goals, operational planning translates these into daily workflows aimed at achieving defined outcomes. It should be created by someone involved in implementation, often requiring collaboration across departments like finance, HR, and IT. An operational plan should address four key questions: 1) Where are we now? 2) Where do we want to be? 3) How do we get there? 4) How do we measure our progress? Essential components include the required staff, skills, and funding for the project.
