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    different types of planning are necessary to help establish the visions and goals a company has. Strategic and operational planning is essential for the success of a business. For example, Sports Authority has recently filed for bankruptcy, which is likely due to a lack of planning skills. With the addition of strategic and operational planning, the risk of going bankrupt could be significantly reduced. The many planning steps and strategies involved in these types of planning are what eventually

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    Operational Planning

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    Operational Planning I. Introduction Operational planning is setting up procedures and processes at the lower level of the company in order to meet the overall goal of the company. There are different factors for each company that affects the operational plan and how it is laid out. The operational plan can also greatly influence the success of a company. There is a direct correlation between the operational plan and a company's strengths and weaknesses. The operational plan must also take

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    (Barnat, n.d.) The Operational Plan should be designed with the strategic objectives in mind. The difference in Strategic and Operational Plans is relevant to time frame, scope, and the inclusion of organizational objectives. People like to be able to envision a plan. Sometimes it may be easier to believe in a plan rather than the person behind the plan. Operational plans allow for a process to become established. This process is the day

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    others throughout the organization to be inspired for success. There are two types of planning which encompass the leaders vision for the organization. These methods are known as strategic plans and operational plans. Not only are both necessary for an organization to succeed, but they also must correlate with one another. As a leader, a person must know the differences separating the two types of planning and when to employ each. The S.M.A.R.T. approach, provided by Colorado State University-Global

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    Phillips-van Heusen’s Acquisition of Tommy Hilfiger: Case Study I in Operational Planning In a Toronto Star article entitled, “Phillips-van Heusen to buy Tommy Hilfiger in $3B Deal”, Anne D’Innocenzio and Mae Anderson report on the purchase of the ‘Tommy Hilfiger’ (TH) retail company by Phillips-van Heusen (retail giant which owns such brands as ‘Calvin Klein’ (CK), ‘Izod’, and ‘Arrow’) for $3 billion in cash and stock. The acquisition of TH, did not lead to a change in its existing sales,

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    Operational Planning for Wal-Mart Introduction The first Wal-Mart was opened in Rogers, Arkansas, in 1962. By 1969 it was incorporated into Wal-Mart Stores, Inc., and in 1972 went public on the New York Stock Exchange. The company grew steadily across the United States, and by 1990 was the nation's largest retailer. In 1991 and 1994, Wal-Mart moved into Mexico and Canada respectively. By 1997 it was incorporated into the Dow Jones Industrial Average. As of 2005, Wal-Mart has stores in the United

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    9-11

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    Other bin Laden lieutenants are also believed to have helped put together the Sept. 11 attacks, the official said. But evidence is mounting that Mohammed was at the center of the operational planning. A second U.S. official, also speaking on condition of anonymity, acknowledged that Mohammed played a critical role in planning the attacks but said questions remain about the extent of his leadership. The official said other bin Laden lieutenants, including Abu Zubaydah, now in U.S. custody, are also believed

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    Disney Inc. Operational Planning Strengths and Weaknesses There are four different types of planning within and organization, strategic, tactical, operational, and contingency. Each will have an impact on each other and how they are carried out. Disney’s operational planning consists of how things are run on a day-to-day basis within a year helping to reach the company’s strategic planning goals. “Operational planning identifies the specific procedures and processes required at lower

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    Heineken HOPS (Operational Planning System) Case Analysis 1. EXECUTIVE SUMMARY This case describes how Heineken USA's in order to gain market share, it needed to achieve a better responsive to the market demand utilizing an internet-based system called HOPS (Heineken Operational Planning System) to allow the parent company to produce the beer closer to the time when they need to deliver it, so the customer receives a fresher product. The implantation of this new system enables Heineken USA

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    Auto Insurance: Operational Level of Planning The insurance industry is affected by many economic factors. In an attempt to better understand the operational level of planning within the insurance industry we would like to take a look at how revenue, operating expenses, and the auto insurance market directly affect the operational level of planning of any given Auto insurance provider. Revenue Revenue generated by the auto-insurance industry is in the billions. According to Automotive News, the

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