Operational Management tasks comprise the daily steps that are implemented to achieve business goals and procedures. They make your business run more efficiently and help you to offer high-quality products to your customers. These include processes such as supply chain management, production scheduling inventory control and resourcing. While strategic management defines long-term goals and broad business plans operational management focuses on the specifics of implementing these strategies.

Strategic management is a more high-level process that involves more encompassing visions and ideas. This is the reason why it is usually executed by senior management, such as the CEO, CFO or founder. It also considers the branding, ideals and the company’s work ethics and mission.

Once a leader has decided on the general direction of an organization they will seek out their Operations Management team for specific strategies and strategies. These will be more specific, making them more easy to implement or modify in the future. A strategic management plan might include the idea that a company should be more environmentally friendly and use recycled materials in their packaging. Management of operations may be concerned with the logistics of obtaining this material and changing to an electric vehicle for shipping.

To be successful, a modern company needs to be ready to unexpected and unpredictable challenges that could threaten its existence. These challenges are out of the company’s control. In these circumstances, a competent operations manager will conduct risk analysis and mitigation in order to be prepared for the most severe scenarios.

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