Preparing a strategic business plan Part 2. If funding is sought from a venture capital provider, an integral part of the funding pitch is an exit strategy, whether in the form of a direct Part Two: The Strategic Plan Before we launch into part 2 of the three part series on Strategic Planning versus Business Planning I This is the first of a three part article on plans and planning.
The first article is to be a basic comparison of the Strategic Plan versus the Business Plan. While a strategic plan is a type of business plan, there are several important distinctions between the two types that are worth noting. A strategic plan is primarily used for implementing and managing the strategic direction of an existing organization. Strategic vs. Marketing Plans Strategic planning is concerned about the overall direction of the business. It is concerned with marketing, of course.
But it also involves decisionmaking about production and operations, finance, human resource management and other business issues. The strategic plan, regardless of its type, analyzes the internal and external aspects that affect the business and outlines the specific steps needed to meet company goals.
Business Model and Strategic Plan Part II 2 Anytime Fitness SWOTT for Online Virtual Personal Training Strengths Anytime Fitness have many resources to build on and ensure that implementation of the new division goes smoothly.
Anytime has Locations in North America, South America, and Canada, and with the new division they have a Strategic Plan, Part II: SWOTT Analysis 2 Strategic Plan, Part II: SWOTT Analysis 2 SWOTT examination is a crucial systematic device used for evaluating the elements both external as well as internal, which have an influence over the company.
In existing business conditions firms use SWOTT to assess their market standing regarding However, a strategic plan should also be reviewed every time theres a major event impacting the business, such as a new competitor entering your market, a new product launch, a sudden cash flow challenge or an important currency fluctuation.
Aug 08, 2011 Bottom line, the strategic plan is the action plan for your business. Its the task, milestones, and steps needed to drive your business forward. Typically a strategic plan is lined out for a 35 year period, with specific phases rolled out quarterly.