Being successful is a mission and vision of every organization. Planning strategic goals and achieving them is an operational plan of any organization. The annual Operating Plan sets out the strategies and objectives for achieving the next financial year.Â
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The Annual Business Operating Plan includes recurring annual expenses, non-recurring investments, also a detailed plan of how a team or a department will contribute to achieving the organization's goal. It will also map out the tasks and projects of the entire year.
For an organization, it is imperative to have an annual plan. So if you are a manager of any department, you must be ready with this to present it to your Board members, CEO, or investors as it would help you set targets for all regions to achieve the goal and measure the performance.
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