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  • Essay / 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 used to initially start a business, obtain funds or direct operation. This plan also involves two different deadlines. Strategic plans are generally good for more than 3 to 5 years, and a business plan is generally no longer than one year.Q5. How is human resource development (HRD) planning related to strategic planning?Answer.The objective of human resource planning or a company's human resource development program is to try to ensuring you reach the people, skills and talents that need to be addressed. The development program, known as the HPD plan, is primarily focused on skills development and HPD can recruit, to maintain the influence and development training of existing staff. Human resource planning is capable of carrying out independent strategic planning, but it simply makes more sense, firstly, all the strategic planning and human resource planning to be done, because of the mission, mandate and objective of the organization, to actually determine the human resources