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The focus of a strategic plan is usually on the entire organization, while the focus of a business plan is usually on a particular product, service or program. It is very important for any kind of businesses to have for there future success and to determine where business will be going next year and how much revenue will be flowing.
There are a variety of perspectives, models and approaches used in strategic planning. The way that a strategic plan is developed depends on the nature of the organization's leadership, culture of the organization, complexity of the organization's environment, size of the organization, expertise of planners...
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