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The operations process significantly influences corporate strategies and business models by breaking down long-term strategic outputs into achievable short-term targets. It involves planning and executing various programs such as product launches, sales plans, and manufacturing plans that are crucial for achieving the desired objectives. The leader plays a vital role in setting goals, linking the details of the operations process to the people and strategy processes, and leading operating reviews to align the organization with the plan. An effective operating plan, which is different from a budget, starts with the strategy document and breaks down long-term strategic goals into short-term targets. Thus, the operations process is a critical component in translating strategy into results.
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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.
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How do you translate strategy into results? Execution is both an organizational culture and a specific set of behaviors. Leaders must be hands-on and...
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