Question

In: Operations Management

Differentiate between a strategic technical plan and an operational plan for an R&D project.

Differentiate between a strategic technical plan and an operational plan for an R&D project.

Solutions

Expert Solution

Ques- Plans are sets of objectives and approaches to accomplish them. Without an arrangement, administrators and their youngsters will be unable to accomplish their objectives or even know when they have come up short on the correct way. Vital plans are those set up to meet associations' broad objectives. Then again, operational plans are those that contain fine focuses for executing or actualizing, those vital plans in ordinary exercises.

- Timeframe: Key plans spread a huge range of time that is quite a long while or decades. For example, in an association, a vital arrangement for most recent data conveyance would catch five years of achievement. Then again, an operational arrangement covers one year. For example, an association may have a strategy for stock substitution, which tends to what happens today, tomorrow and one week from now.

- Level of Detail: Key plans are expressed in a general way that is vague and less-itemized. By and by, the key arrangement can guide individuals in the association to reflect general course expected in the association's activities. Then again, operational plans give fine subtleties on how assignments ought to be done on an everyday premise.

- Extension: Key plans affect a broad cluster of hierarchical exercises, while operational plans have a contracted and increasingly confined degree. For example, a vital arrangement would consider an organization's picked overall commercial centers, its financial objectives, and the basic size of the work power. Then again, an operational arrangement would cover only the activities of an office.

- The board Level Involved: More significant level supervisors create key plans. The significant explanation behind this is the complexities associated with making arrangements intended to meet the association's expansive based objectives. Operational plans have short-run goals, which they meet in one year or less. Center and lower-level administrators create operational plans.


Related Solutions

Differentiate between R&D project management and conventional project management.
Differentiate between R&D project management and conventional project management.
answer to these questions in very short essay 1)Differentiate between strategic, operational, and tactical controls? Between...
answer to these questions in very short essay 1)Differentiate between strategic, operational, and tactical controls? Between top-down, objective, and normative control. 2)Identify the four typical components of the balanced scorecard. 3)Explain the need for a balanced scorecard. 4)What is the use of budgets to both control and delegate authority?
Differentiate between planning and operational variances Briefly explain the following terms Planning Variance: Operational Variance:
Differentiate between planning and operational variances Briefly explain the following terms Planning Variance: Operational Variance:
Know what an offshore financial center means and be able to differentiate between an operational center...
Know what an offshore financial center means and be able to differentiate between an operational center and booking center
Which characteristic is unique to a strategic plan versus an operations plan? - Project budget -...
Which characteristic is unique to a strategic plan versus an operations plan? - Project budget - Goal measurement - Reporting structure - Project goals The company’s management team is developing the company’s goals. What is an example of strategic planning? - Identifying resources needed for the yearly budget - Determining how many seasonal employees to hire - Developing a seven-year plan to expand operations - Purchasing vehicles on a three-year lease. Which calculation compares an amount to be invested with...
Why are strategic and operational planning important?
Why are strategic and operational planning important?
What is the difference between HR PLAN and HRM STRATEGIC PLAN? How are they the same?...
What is the difference between HR PLAN and HRM STRATEGIC PLAN? How are they the same? how are they different?
What is the relationship between Global marketing and R&D? Describe your marketing plan. Discuss the pro/cons...
What is the relationship between Global marketing and R&D? Describe your marketing plan. Discuss the pro/cons of internet vs. personal selling and identify (specific) appropriate applications for each. Identify a specific product or service where global advertising would be most appropriate. Explain.
Discuss the strategic, tactical and operational roles of the procurement.
Discuss the strategic, tactical and operational roles of the procurement.
In 500 words or less evaluate the difference between strategic leadership and operational leadership. Provide example...
In 500 words or less evaluate the difference between strategic leadership and operational leadership. Provide example of each. Relate to icu/ critical care setting. Add references.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT