Approaches to Strategic Planning


The key differences between strategic planning and business planning



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2. The key differences between strategic planning and business planning

The key differences between strategic planning and business planning



Strategic Plans:

  • A strategic plan is an overarching plan that sets the strategic direction of the organisation.

  • A strategic plan can therefore lend itself to a range of presentation formats. Organisations can choose the format that best reflects their culture and approach.

  • A strategic plan can provide a basis for more detailed planning including business plans, marketing strategies and funding strategies.

Business Plans:

  • A business plan is an externally focused document that provides more detailed information on the proposed development of an organisation, and is likely to be shared with potential investors - funding bodies for the voluntary and community sector.

  • A business plan is more formal and detailed in its structure and contents.




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