While they are different in form and function, strategic planning and operational planning must work together. For an organization to optimize human resources, time, energy, finances and more, a company needs both. Strategic planning is the long-term plan for your organization which includes things like the vision, mission, and values of your company. Operational planning is complementary to strategic planning by outlining how to execute on those visions, missions, and values on a daily basis.
Strategic planning and operational planning are two very different and very essential pieces to the business puzzle. They are also areas of the business planning process that seem to fall to the wayside. First, by not understanding what purpose each plan is meant to serve and secondly, not understanding the difference. But they are different. How different, you ask? Let’s find out. Strategic Planning Strategic planning is the foundation of any business. Without it, business owners can wander aimlessly throughout … Continue reading “Strategic Planning vs. Operational Planning in Senior Living: What’s the Difference?”