Question
The operations process in business execution links to the people and strategy processes by breaking down long-term strategic outputs into short-term targets. This involves setting goals, linking the details of the operations process to the people and strategy processes, and leading operating reviews to align the organization to the plan. The operations process looks at programs like product launches, sales plans, and manufacturing plans that the business must complete to achieve desired objectives. It starts with the strategy document and breaks down long-term strategic goals into short-term targets.
This question was asked on:
The operations process breaks long-term strategic outputs into short-term targets. It looks at the programs like product launches, sales plans and manufacturing plans that the business must complete to achieve desired objectives. The leader has to set goals actively, link details of the operations process to the people and strategy processes and lead operating reviews to align the organization to the plan. The operating plan is fundamentally different from a budget, which usually uses the previous year's numbers to set targets. In contrast, an excellent operating plan begins with the strategy document and breaks down long-term strategic goals into short-term targets. Many companies prepare an operating plan based on the budget. In reality, the budget should be a financial expression of the operating plan.
Receive new free presentations every Monday to your inbox.
Full content, complete versions — No credit card required.
