.........Plan is a well written document, with some objective and it contains the current market status, financial needs, defined market, standards and the goal itself.Plan will be inside the organization itself, to get maximum advantage.
.........Its not easy to change the plan , according to the changes in market. To create a plan ,we need a lot of resources and case study of the market.And if we are changing the plan in the middle, it will cause a lot of rework and it consumes a lot of time.
Strategy
Peter Drucker definition: strategy is about knowing where your company is today, where you want to take it, and how you are going to get there.
...............There may not be a well written strategy in an organization, but there will be some kind of strategy. As a beginner in the market,there won`t be any strategy to follow. So for them, whatever they are capable of doing, they follow it. They follow the process as a routine stuff and it becomes the standard for the company. So for them the strategy is basically the only opportunity they have had at that time.
................Changing the strategy does not cost too much for the organization as it is not a well written document as plan. So for me action of the company is considered as the best strategy
References::
http://www.visitask.com/business-plan-g.asp
http://searchcio.techtarget.com/news/column/0,294698,sid182_gci1197761,00.html
.........Its not easy to change the plan , according to the changes in market. To create a plan ,we need a lot of resources and case study of the market.And if we are changing the plan in the middle, it will cause a lot of rework and it consumes a lot of time.
Strategy
Peter Drucker definition: strategy is about knowing where your company is today, where you want to take it, and how you are going to get there.
...............There may not be a well written strategy in an organization, but there will be some kind of strategy. As a beginner in the market,there won`t be any strategy to follow. So for them, whatever they are capable of doing, they follow it. They follow the process as a routine stuff and it becomes the standard for the company. So for them the strategy is basically the only opportunity they have had at that time.
................Changing the strategy does not cost too much for the organization as it is not a well written document as plan. So for me action of the company is considered as the best strategy
References::
http://www.visitask.com/business-plan-g.asp
http://searchcio.techtarget.com/news/column/0,294698,sid182_gci1197761,00.html
a basic defination by Peter Drucker there but mj what is your own defination
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