What are the three factors that influence Boeing aircraft in tactile operating and contingency planning 6 people found this useful What is a strategic plan? A strategic plan should not be confused with a business plan. Essentially a strategic plan provides the foundation from which to build a full long-range plan. It is simply a document that summarizes, in about ten pages of written text, why a business exists, what it is trying to accomplish and how it will go about doing so.
Many types of business plans exist, and two common types of plans include a tactical plan and an operational plan. Tactical and operational plans both work to implement a firm's strategy.
Although some similarities exist between tactical and operational planning, there are clear differences.
Understanding the elements of tactical and operational planning helps you develop and implement your strategic goals. Tactical Planning Tactical planning is an extension of strategic planning, and tactical plans are created for all levels of an organization.
It establishes the specific steps needed to implement a company's strategic plan. Tactical plans are typically short-term in nature and describe what a company needs to do, the order of the steps needed to accomplish those tasks and the personnel and tools needed to meet the organization's strategic goals.
A firm's tactical plan can include the input of many of its departments. After completing and implementing your company's tactical plan, you should visit the plan on a regular basis to verify that your company is sticking to the outlined steps. Operational Planning Operational planning focuses on a firm's products and services and develops plans to maximize market share and develop financial projections.
Operational planning focuses on the production, equipment, personnel, inventory and processes of a business. An operational plan uses an organization's financial ratios to analyze profitability.
For example, the plan may include contribution ratio analysis to determine what processes are required to increase profits. This could include focusing on selling its premium products or reducing variable costs. Benefits Tactical plans are beneficial to companies because the steps developed in the plan help management find inefficiencies in its operations.
Once operational shortcomings are discovered, management can take the necessary steps to make corrections. Tactical plans also allow companies to benefit from the input of its employees. Effective tactical plans must include the input of individuals involved in the day-to-day operations of a firm.
A benefit of operational planning is that a company is able to analyze the effect of its operations on profit. Operational planning dissects a company's financial position, identifies weaknesses and develops ways to increase profits. Limitations A disadvantage of tactical and operational planning is that the developmental process is time consuming.
Some managers are lost in the process because they spend an excessive amount of time planning and little to no time implementing the plan. Another disadvantage of tactical planning is that it can cause a slow down in a firm's operations if the plan is extensive. This may possibly lead to a decrease in profits.Strategic planning involves an analysis of the company's strategic initial situation prior to the formulation, evaluation and selection of market-oriented competitive position that contributes to the company's goals and marketing objectives.
Facilitators Strategic Three Factors That Influence a Company s Operational November 15th, - Three Factors That Influence a Company s Factors That Influence Contingency Planning What Are the Effects of Legal Issues Tactical Operational And Contingency Planning Decision Making Factors that Influence Decision Making January 2nd, Provide at least one example for each.
Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning. Format your paper consistent with APA. Three Factors That Influence a Company's Operational Planning. by Julie Davoren. Related Articles. There are three main factors that influence operational plans.
Operational Plan Contents. Operational plans draw from strategic plans; hence, their contents are directed at explaining actions or programs that will be needed to achieve . Contingency planning is a systematic process that is usually not fully integrated with normal business processes and traditionally focuses more on the tactical and operational side of planning.
A well-developed contingency planning system might consist of policies, procedures, checklists, guidelines, plans, and other documents and resources. Analyze three factors that influence Boeing's strategic tactical operational and contingency planning?
Analyze at least three factors that influence the boeing company's strategic, tactical, operational, and contingency planning.