By Jeff Brunings While a strategic plan is a type of business plan, there are several important distinctions between the two types that are worth noting. A strategic plan is primarily used for implementing and managing the strategic direction of an existing organization.
What should your business plan cover? A clearly written business plan should: What's the one page plan?
It's also a practical way to record the outcomes of the planning process. Elements of the one page plan Now analysis: In this section summarise your current situation. You should be able to fit up to five points. Which four or five accurately describe your issue right now?
What is your vision? What is your competitive advantage? What are your key objectives? Summarise these elements in this section. What are the three or four key strategies you need to work on over the next twelve months?
These can be drawn from your SWOT analysis that you have done earlier.
In this section, list what is to be done. Normally you have about three or four actions. There's no need to put every step into the action plan. Only list the strategically important ones. Lists when you aim to achieve the result and who is responsible for it.
These should be in priority order and are critical for accountability. Business planning workshops Need more help writing a business plan?
How to build a roadmap to success workshop near you.Business Continuity Plan: Business Impact Analysis - Business Continuity Plan serves organization to make a valuable recommendation and policies. To prolong and survive the business in the event of disaster is the main intent of the Business Continuity Plan.
business continuity plan .
Ultimately, a good way to think about the difference between the two is that strategy acts as a guide to a set of actions that various departments or teams will undertake. The following figure further illustrates the difference between strategy and tactics.
A strategic plan is a document used to communicate with the organization the organizations goals, the actions needed to achieve those goals and all of the other . The 11 Step Business Action Plan. But in business, your action plan is the key to focusing on the right information in the right order—much like the combination to a safe—and it helps measure progress toward your goals.
This will help you plan the strategies, tactics, timing and who will be responsible for implementation. Strategy (aka business plan, marketing plan) A strategy is an outline of the steps you are going to take to get your business from (A) to the place you want it to be (B). The 11 Step Business Action Plan.
But in business, your action plan is the key to focusing on the right information in the right order—much like the combination to a safe—and it helps measure progress toward your goals.
Select the right strategies.