The Strategic Plan is global, it is for the entire organization, despite the fact that the goals should be specific. Strategic planning deals with establishing the global purpose and specific priorities of the company, also the mission and the goals of the company. The strategic plan has the main corporate level, that can be distributed to business level. No matter what methodology is used to elaborate the Strategic Plan and the contents of the Strategic Plan, the focus should always be company wide, referring the corporate level.
A Business Plan should deal with the Business unit or a Strategic unit. Also a Business Plan could be focused on a specific product or service. Here the Business Plan could include all present or future competitive strategy thru product differentiation or niche advantage.
A Strategic Plan is a plan for development and increase, emphasizing the goals and objectives that ensure the development.
A financial plan is a plan to handle and control limited financial resources with priority and ensure the success of the Strategic Plan. Always a Financial plan should ensure the survival of the company. It is a fact that Financial planning and financial monitoring is very important to sustain the Strategic Plan, to ensure that the Strategic Plan could be accomplished using the available financial resources.
