However, sometimes it is just a matter of trying to make the ordinary business planning sound a bit more important than just a budget!
However, sometimes it is just a matter of trying to make the ordinary business planning sound a bit more important than just a budget!
This makes sense in a stable or very slowly changing environment.
At each stage the planner asks, "What must be done here to reach the next, projected stage of performance?
In general, a strategic plan is a broadly defined plan aimed at creating a desired future.
In organizations, strategic planning is a systematic way of creating this plan.
It begins with the desired-end and works backward to the present.
At every stage of strategic-planning the planner asks, "What must be done at the earlier stage to reach here? It is flexible in choice of its means of achieving the desired end state.
These two things are strategic planning and business planning.
These would be better understood as distinctive kinds of plans; separate and related.
It also includes translation of this vision into objectives and a set of programs and projects to achieve them.
The kind of thinking involved in business planning that is 'strategic', differs from long-range planning.
Comments What Is A Strategic Business Plan
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