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Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Business plans can help decision-makers see how specific projects relate to the organization's strategic plan.
The episode is also known for the nonsensical business plan that the gnomes of the title devise, whose three steps consist of: Collect underpants? Profit; which later became a common meme used to mock poorly-thought-out business and political strategies.
A for-profit corporation is an organization which aims to earn profit through its operations and is concerned with its own interests, rather than the interests of the public (non-profit corporation). [1]
With his business model design template, an enterprise can easily describe its business model. Osterwalder's canvas has nine boxes: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure.
Strategic planning provides inputs for strategic thinking, which guides the actual strategy formation. Typical strategic planning efforts include the evaluation of the organization's mission and strategic issues to strengthen current practices and determine the need for new programming. [6]
A marketing plan comprises part of an overall business plan. A comprehensive marketing plan may contains historical data, future predictions, methods or strategies to achieve marketing objectives, and analyses of the strengths and weaknesses of a company, its organization and its products.