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An operational plan is essential for effective business as it describes the workflow, resources, and work process needed for success. It translates the vision and goals from strategic planning into day-to-day operations. Cross-departmental involvement is often necessary for issues like finance, HR, and IT. The plan should address where the business is, where it wants to be, how to get there, and how to measure progress. Key components to consider include staff, skills, and funding requirements.