Translating Strategic plans into Operational Plans Essay

Translating Strategic plans into Operational Plans - Essay Example The picture is broken into many parts and all the micro-detailing are carried out to get the picture, the essence of translating long term objective into operational plan. The journey of achievement of long term objective is achieved through milestones, annual operation plan and medium term business plans. Business plans falls somewhere between long term objective and operational plan so it has a mix of the elements from both these types of planning approaches. The annual operational plan is a all about how to achieve the annual milestone. It breaks the planning into distinctly different areas / aspects. These include the daily / weekly /monthly output targets, resource deployment, financial plans-both the expenditure and income side, marketing plan, human resource plan and all other associated activities like statutory, safety, investment etc. It has been recommended that the plans should be simple and easy to understand as it is essentially a communication to work force about the goals or results which the firm wants to achieve daily, weekly, monthly or on an annual basis. The quality of planning goes a long way in making the plan successful. It will be more beneficial to involve a large cross section of people during the planning exercises.