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What is the difference between a strategic plan and a business plan?
Strategic plans constitute the basis of operations and responsibilities within the business. Strategic plans lay the paths out for each member of the organization to follow, and define the functional outline and the key outcomes for every project and process within the business.
Which is the best definition of a business plan?
A business plan is essentially what the name suggests. A plan to start and run a business or a new entity of an existing business, usually either an expansion in a newer region or a diversification into a new market.
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