What’s the Difference between Business Plan or Strategic Plan

Everyone talks about the need for a firm to have a definitive plan. What kind of plan does your firm need–a [tag]strategic plan[/tag] or a [tag]business plan[/tag]? The easy answer is that you need both. But you may need one more than the other.

What’s the difference between the two plans? Simply put, a strategic plan is a [tag]leadership[/tag] tool; a business plan is a management tool. To decide which plan your firm needs, ask yourself these questions: Is leadership different from [tag]management[/tag]? Does your company need both? Which is needed more?

This is said by Hank M. Harris in an article, Business Plan or Strategic Plan: What’s the Difference? and puts the question; Which do you think your firm needs most–more leadership or more management?

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