Strategic Plan

A strategic plan is an extension of a business plan, it helps the management channelize energies in one direction to meet a strategic objective. A strategic plan for a growing organization generally focuses on a specific function within the business – example a new product launch. The strategic plan will include the resources needed, financial needs, market size, competitive landscape, potential longevity of the planned product/service, etc. A strategic plan will help coalesce stakeholder synergies around the planned activity.