Operational and Strategic Management Tasks
Operational management tasks consist of the steps that are taken to implement business goals and procedures. They allow your business to run more efficiently and enable you to deliver high-quality products to your customers. These include processes such as supply chain management production scheduling, production scheduling and inventory control, as well as the resourcing. Operational management focuses on the execution of the strategies set out by strategic management.
Strategic management requires broader concepts and visions that are more high-level, which’s why it’s typically conducted by the upper management roles such as the CFO, CEO or founder. It also considers the branding as well as the ideals and the philosophy of an organization’s culture and its purpose.
Once a company leader decides on the direction for an organization, they’ll consult their management team for specific tactics and strategies. These will be more specific, which makes them more easy to implement or modify in the future. A strategic plan of management could include the notion that a company should be more eco-friendly and utilize recycled materials in their packaging. Operations management could be concerned with the logistics of obtaining this material and switching to an electric vehicle for shipping.
Modern businesses must be prepared to adapt to unexpected and sudden challenges that may make their existence a risk. Global trade and regulatory barriers are examples of these risks that are outside of a company’s control. In these instances, a competent operations manager will perform risk analysis and mitigation in order to be prepared for the worst.
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