Operational and Strategic Management Tasks
Operational management tasks consist of the steps that are implemented to achieve business goals and procedures. They allow your business to operate efficiently and help to deliver high-quality products to your customers. These include processes like supply chain management and production scheduling inventory control, and resourcing. Operational management is a focus on executing the strategies defined by strategic management.
Strategic management involves broader ideas and visions that are a bit more high-level, which is why it is usually handled by upper-management roles like the CFO, CEO, or the founder. It also takes into consideration the branding principles, ideals, and values of an organization’s values and mission.
Once a leader has decided on the general direction of an organization They are likely to look to their Operations Management team for specific strategies and tactics. They will be more specific, which makes them easier to implement or modify in the future. For instance, a strategy management plan may include the idea that a company should be more environmentally friendly and utilize recycled materials in their packaging. Operations management could be concerned about the logistics of obtaining this material as well as shifting to an electric vehicle for shipping.
To be successful, a modern company must be ready to adapt to unpredictable and unexpected threats to its existence. Global trade and regulatory barriers are examples of potential challenges that are beyond the control of a company. In these circumstances an effective operations manager will perform risk analysis and mitigation in order to be prepared for the worst.