Technical Report
 

Wood-based Entrepreneurs Toolkit: Operational Planning

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https://ir.library.oregonstate.edu/concern/technical_reports/v979v3435

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  • By nature, most entrepreneurs are "doers" rather than "planners." At the same time, we know that successful organizations, regardless of their size, must plan for the future. High-level strategic planning such as establishing the long-term direction of the company is critical, but useless without a plan for implementation. This "implementation plan" is also known as an operational plan. Operational planning is an annual process that involves six primary steps: (1) analyzing the operation: defining where we are now and identifying issues that are likely to impact the company; (2) establishing key results areas: broad categories that define how progress will be measured; (3) developing performance indicators: measurable factors within each key results area; (4) establishing objectives: defining where we want to be with specific, measurable results; (5) developing action plans: defining how we will meet our objectives; and (6) developing budgets: allocating the resources required to meet objectives. We walk through each of these steps in this publication.
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  • Leavengood, Scott. 2015. Wood-based Entrepreneurs Toolkit: Operational Planning. Contributions in Education and Outreach No. CEO 3f, Forest Research Laboratory, Oregon State University, Corvallis.
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