Strategy can be seen as an ongoing process of "positioning" an organization, and strategic planning can be seen as a separate activity that is reviewed periodically. The strategy includes achieving a competitive advantage for the company in meeting customer needs and meeting stakeholder expectations.
A strategic plan can be a “planned method” or a “goal-setting scheme” as shown in the glossary, rather than a “comprehensive presentation”. You can take help of professional for a business plan and how to start a business.
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A large company may have a dedicated team whose job it is to develop a strategic business plan with senior management and then ensure it is implemented through a monitoring process. This business plan, of course, seeks to reflect the organizational strategy and can be a very useful tool in implementing that strategy.
Strategic business planning is the key to developing a company in order to operate effectively and efficiently. This can include developing a different product, service or market. This includes acquiring a compatible company or changing the nature of the business as a whole.
The true value of the SBP lies in the planning process:
Discussions, develop new understandings, generate new business ideas. Strategic business planning is about setting a direction for the business that everyone, managers and employees can take. SBP provides a competitive advantage and increases productivity.