Assignment On Manage operational plan

Manage
operational plan

INTRODUCTION....................................................................................................................................3
MAIN BODY...........................................................................................................................................3
Possible models and methods for operational plans............................................................................3
Role of operational plan in achieving organisational objectives.........................................................3
Explain relevant budgeting process including managing and operational plan...................................3
Alternative approaches to developing key performance indicators to meet business objectives........3
Legislation and regulatory context relevant to operational plan of company......................................3
Organisational policies, practices and procedure that directly related to operational plan..................3
CONCLUSION........................................................................................................................................3
REFERENCES.........................................................................................................................................4

INTRODUCTION
Operational plan can be explained as plan which prepared through components of an business
firm and clearly defines actions which will going to be taken for supporting strategic objective as well
as plans of upper management (Towbin And et. al., 2018). Moreover, operational plan is classified
within two categories i.e., single use plan which only address current period of specific issues.
Another is ongoing plan that carry forward to future periods and get changed as necessary. This report
is based on, Tesco which is an British multinational groceries and general merchandise retailer. It is
part of retail industry founded in 1919 by Jack Cohen and headquarters in Welwyn Gardern City,
Hertfordshire, England, United Kingdom.
There are several topics which will going to discuss within this reports, model and methods for
operational plans. Along with this, role of operational plan in accomplishing organisational objective
will also highlight. Moreover, budgeting process will elaborate which include managing and
operational plan. Alternative approach for key performance indictor will also discuss which assist in
meeting business objectives. In the end section, legislation and regulation for operational plan of
company will high along with policies, practices and procedure which are directly related to
operational plan.
MAIN BODY
Possible models and methods for operational plans
Operational plan can be explained as plan which prepared through components of an business
firm and clearly defines actions which will going to be taken for supporting strategic objective as well
as plans of upper management (Shi and et. al., 2017). It is important for Tesco to prepare operational
plan in effective manner as it help them in accomplishing organisational objectives. These plan
consider strength, weakness, opportunity and threats for company :-
SWOT analysis of Tesco – It help company in identifying their strength, weakness, opportunity and
threats :-
Strength Weakness
 Market leader
 Online presence
 Brand image
 Diverse business Unit
 Financial Scandal
 Slow growth in Europe
 Market concentration in UK
Opportunity Threats