BUS 475 Discussion Translate Thought into Action
How does the concept "translate thought into action" bear on the relationship between business strategy and operating strategy?
Between long-term and short-term objectives?
The operating strategy operationalizes the business strategy. This is performed by linking short and long-term objectives with specific tasks and processes. For example, if the business plan is to begin selling new products, then the operating strategy must reflect these goals. As such, the operating strategy translates the thinking or ideas of the business strategy into action. This is an important element to the strategic plan because implementation is needed to actualize goals.