Topic > Importance of Strategic Thinking - 724

What is the difference between strategic planning and business planning? Answer. The main strategic directions of the strategic plan are used for the implementation and management of existing organizations. The business plan is for initially starting a business, obtaining funding or direct operations. This plan also has two different time frames. Strategic plans are generally good for more than 3-5 years, and a business plan is generally no longer than one year.Q5. How are human resource development (HRD) planning and strategic planning related? Answer. The objective of a company's human resource planning or human resource development program is to try to ensure that it achieves the people, skills and talents that need to be addressed, Human Resources development program, known as HPD plan, is fundamentally focused on skill development and the HPD can hire, to maintain the influence and development training of existing staff. Human resource planning is capable of achieving independent strategic planning, but it simply makes more sense, first and foremost, all strategic planning and human resource planning to perform, due to the mission, mandate and objective of the organization, to truly determine human resources