Question: A strategic plan is primarily used for implementing and managing the strategic direction of an existing organization (IBM) while a business plan is used to

A strategic plan is primarily used for implementing and managing the strategic direction of an existing organization (IBM) while a business plan is used to initially start a business. What is your business strategic plan for 3 to 5 years in future?

Your Strategic Plan (3-5 years) should cover the following 4 key elements:

Operational strategies-what is your 35-year plan

Operational tactics and resource allocation

Measuring results- what is your 35-year plan

Funding streams- what is your 35-year plan

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