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The Differences Between Business Plan And Strategic Plan

Matswapati September 28, 2020 Strategic Planning

The Differences Between Business Plan and Strategic Plan Strategic Planning The Differences Between Business Plan And Strategic Plan

Starting a business is indeed not easy. Therefore you need to make plans to achieve company success. The plan is divided into 2 types, namely business plans and strategic plans. A business plan is a basic guideline that will help you to start a new business. With a business plan, you will describe what kind of design can be used to manage business management from scratch. In addition, the business plan can also function as a basis for evaluating the business your company has carried out. Meanwhile, a strategic plan is what is usually done to manage a company. The strategic plan that will direct you to make the right decisions and how to allocate resources produced by the company. When viewed from the understanding, the two plans are very different. Here are some other differences between business plan vs strategic plan.

Role
Business plans and strategic plans have different roles. The business plan acts as a communication tool that is usually used to find stakeholders or sponsorships. Stakeholders and sponsorship are very important because this will be the source of company funds. While the strategic plan acts as an internal communication tool that only covers the corporate environment.

Purpose
Business and strategic plans do have the same goal, which is to achieve success. However, the business plan vs strategic plan still has different goals. Business plan to determine desired goals in more detail and only used in the short term. The purpose of strategic plan is to direct the company to achieve the goals to be achieved and can be used in the long term.

Program
The programs between the two are also very different. Business plans have very detailed programs. Starting from the program to increase sales of each product, meet the needs of natural and human resources, achieve company capacity development, and improve the quality of the system and sub-system stages. Unlike the business plan, strategic plan programs are not detailed but still have clear objectives.

Financial planning
Financial planning between business plans and strategic plans also have differences. Business plans will describe financial planning in more detail when compared to a strategic plan. The plan includes calculating the income and costs incurred by the company, as well as regulating the flow of cash flow. Strategic plans only cover company budgets.

Those are the differences of business plan vs strategic plan. Although both have many differences, their only goal is to create a successful company. Therefore, the two are interconnected and have a very important role in the company.

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