Operational and Strategic Management Tasks

Operational management responsibilities include the daily steps that are followed to implement business goals and procedures. They help your business operate more efficiently and enable you to offer high-quality products to your customers. These include processes like supply chain management production scheduling, production scheduling and inventory control, as well as the resourcing. While strategic management sets 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 concepts and visions. This is the reason why it is typically executed by senior managers such as the CEO, CFO, or the founder. It also considers the branding, ideals, and principles of a company’s working ethic and mission.

After read a leader has decided on the direction for an organization they will turn to their Operations Management team for specific strategies and tactics. These will be more specific, which makes them more easy to implement or change in the future. A strategic management plan may include the notion that a company should be more sustainable and utilize recycled materials in their packaging. Operational management may be concerned with the logistics of obtaining this material as well as shifting to an electric vehicle for shipping.

Modern businesses need to be ready to respond to unexpected and sudden challenges that could threaten their existence. These challenges are out of a company’s hands. In these instances an effective operations manager has to perform risk analysis and mitigation to prepare for the most extreme scenarios.