Question

In: Economics

Flag Through which process a person process or a paper process can a good strategic manager...

Flag Through which process a person process or a paper process can a good strategic manager accomplish a strategic plan as part of a business policy? Promote one process over the other, and then evaluate the quality of the strategic management process with each process is utilized.

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Expert Solution

An operations plan is a plan to establish, expand or improve the day-to-day processes and practices of a Operations includes everything that a business does on a repeated basis to deliver products and services. operations to be heavily optimized, expanded and improved in order to build competitive advantages, cu new revenue. As such, operations planning is a core component of strategic planning. The following are examples of an operations plan.

Strategy

Most business strategies have an operations component. For example, if a train manufacturer develops a revenue by 50% that plan will include a marketing, sales and operations component. The operations com would include procurement, manufacturing and logistics strategies that enable the firm to boost productio revenue growth. Processes & Practices

4 Examples of an Operations Plan - Simplicable https://simplicable.com/new/operations-plan 2/9 Operations Automation Benchmarking Core Business Key Concepts Debottlenecking Forecasting IT Operations Must Know Maintainability Management Accounting Operational Strategy Operations Operations Plan Operations Planning Process Improvement Shared Services Operations is a term for the core processes and practices of a business that generate most of a firm's reve for operations to represent most of a firms costs and to have a large impact on strategic goals. Operations continuous optimizations and improvements to processes and practices in order to meet objectives in are efficiency, productivity, turnaround time, waste reduction, cost reduction, quality, customer satisfaction Contingency An operations team may develop a contingency plan as part of risk management. A contingency plan list with an estimate of their probability and the steps required to reduce each risk. A contingency plan may a estimate of risk impact and a risk response. The following is a brief example of a contingency plan for da operations.


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