Operational Business Plan

This is how the strategic plan gets translated into action.Operational planning and strategic planning link in this practical fashion; to include them both into a definition of strategic planning is quite misleading.You can think of a strategic plan as a written long-range plan, which is founded on an enduring corporate purpose, and including a set of corporate strategic objectives.

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Operational and strategic planning are linked decision processes, which should be designed to inform and support one another for effective management of strategies to improve overall performance of the organization, whether business or non profit.

The decisions that constitute the strategic plan include what the enterprise is not currently doing, but should be doing.

The choices of what to do imply other things that the organization deliberately chooses not do.

At Simply Strategic Planning strategic planning refers to a systematic, formally documented process for deciding the handful of key decisions that an organization, viewed as a corporate whole, must get right in order to thrive over the next few years.

In contrast, operational planning or tactical planning is a short-term, highly detailed plan formulated by management to achieve tactical objectives.