Business Planning Levels: Strategic, Tactical, and OperationalBusiness planning is multi level, cyclical and overlapping. Managers must be able to operate at all levels. btw, You can apply this methodology to everything in life. Not just the business world, but in you own personal environment as well. Strategic Planning - This is the highest level and usually done by senior management. The decisions on the objectives, committing resources such as money, time, and people in general is done here. Examples: In business, it means how much money is going to be dedicated to a project, and by when you expect the project complete. In personal life, suppose you plan a wedding, it means deciding on the budget and the date.
Tactical Planning - This is the implementation of the strategic plan stage. Combining your available resources, look at obstacles, review alternatives Examples: In business, it means an analysis of resource combination, planning for obstacles, and general timetable. In personal life, for the wedding, it means, finding the place, developing a guest list, deciding on a menu and music.
Operational Planning - This is a much more detailed level of strategic and tactical plan. Here, managers chosen to work the plan develop a specific plan to execute the strategic plan. Examples: In business, it means engaging the team, develop and answer the who, what, when, where, how management questions. In personal life, for the wedding, it means, choosing the band, finding the caterer, decide on flowers, etc. As you can see, the difference is the three levels is the detail in the questions and decisions. In addition to business planning of companies medium size and larger, if you are building an internet based company, or using internet marketing for your company, you need to view the step by step business setup by Successful Website Marketing Solution. Finally, all good plans have an exit strategy. If you are planning to sell your company, you will find excellent tools to consider at sell your business without stress. -------- More about planning can be found in the following pages:
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