Question

In global business, what type of planning is more important: tactical or operational? and why?

Answer 1

In global business, operational planning can play an important role because its operational planning is done for the long-run goals of the company. it links strategic goals with the tactical goals to achieve the target. In global business, the Operational Plan shows a detailed plan that provides a visible picture of how a team, section, or department can contribute to the achievement of the organization's goals on a bigger platform. It works out on the fails plans of how the team will work in collaboration, how the departmental goals will be achieved, and how the resources will be utilized. Operational Plan is done for the implementation of strategies mentioned within the Strategic Plan. For example, in doing business overseas, it is necessary not just to make plans but to implement them effectively. It is the part of operational planning that takes care of each and every minor aspect of the entire business including HRM, production, supply chain, procurement, and many more.