What is operational strategy?

Operational strategy refers to the plans and actions that an organization uses to achieve its business objectives through the effective management of resources, processes, and people. It focuses on improving efficiency, productivity, and quality within the company's day-to-day operations. By aligning operations with overall business goals, operational strategy helps organizations gain a competitive edge and adapt to changing market conditions. This includes decisions about supply chain management, production processes, technology implementation, and resource allocation.