Introduction to operational plans

Business TraineeshipA business traineeship will teach you how to develop and implement a successful operational plan.

Operational planning needs may relate to any plan required to support day-to-day workplace operations, such as:

  • Introduction of a new product

  • Legislative changes

  • Staff reorganisation

  • Impacts of marketing initiatives or campaigns

  • Office relocation or refurbishment, and upgrading of facilities

  • New competitors

  • Changes in work practices or procedures

  • Business expansion or contraction

  • Introduction of new systems

When developing operational plans, you will need to identify and analyse internal and external factors that may impact on the development of the plan.                                                                                               

Essentially, the internal impacts on planning centre on the resources available to you, such as staffing, equipment, finances and physical assets. The external impacts centre on market forces, which you may not be able to control. The important thing when planning is to ensure that both aspects are considered.

Internal environments to be analysed may include capabilities and resources as to:

  • Human resources

  • Financial resources

  • Equipment capacity

  • Staff skill levels

  • Hours of operation

  • Communication capabilities

  • Location and position

External environments may also need to be analysed and may include trends and developments in the marketplace as to:

  • Economic, ecological and environmental

  • Government activities, social and cultural

  • Demographic, technological and industrial

  • Comparative market information, including:     

    • Best practice information

    • Benchmarking

    • Competitor information

Undertaking a traineeship in business studies will assist you develop your own operational plan.

 

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