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Difference between business plan and strategic plan

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From: Leonardo D.
Added: 11.04.2021
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In the private and non-profit sectors, issues involving strategy relate to the overall direction or mission taken by an organization, and the practical implementation of that mission. Although there is some debate on this issue, most people agree that there are subtle differences between the two descriptions. Strategic planning refers mainly to outlining the mission and goals of an organization, whereas strategic management also includes implementation of those goals. By having a clear mission statement or strategy for growth, an organization can better determine specific actions and allocation of resources that best serve its goals. A clearly defined set of goals also creates a better base for evaluation and feedback.
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Difference Between Corporate Planning and Strategic Planning

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The Difference between a Business and Strategic Plan? – Edgeview Consulting

I am often asked what the difference is between strategic planning and succession planning. Strategic planning and succession planning have significant similarity, both being long term endeavors with significant overlap. The stakes are high in each endeavor. The success or failure of either will have a long-term, lasting impact upon the business.
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Strategic Planning vs Strategic Management

For example, many nonprofits rely on government contracts or grants. What if the particular sources of income that exist today change in the future? And what is Plan B if they don't?
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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. The distinction is important in helping you decide what kind of plan can best guide your organization, so we want to share it with you here.
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