Strategic plan vs business plan
Lastly, a strategic plan strategic plan vs business plan an internal document that should be used routinely strategic plan vs business plan a guide for your employees to achieve success. Blog: Business Planning. The above is the basic format, but this can vary depending contingency plans in business how each element is to be interpreted. Living documents Both a business plan and a strategic plan are living documents that must be reviewed at least annually. While strategic plans in theory have that escape clause also, rarely is it used. First, lets look at the difference between a business and strategic plan. Liked this article? To get the whole picture and have a framework on which to build your business you also need a strategic plan. A few months ago, we sent an email to our nonprofit and agency friends and clients about business planning —a key process for organizations that want to increase their impact and reach their next level of success. In response, we were asked about the difference between a strategic plan and a business plan. Different Types of Plans for Businesses. Our Integrated Approach. For instance, the purpose of the plan could be to raise money for a project, to find a strategic partner, or to give confidence to lenders. Author Recent Posts.