I feel that a strategic plan is prepared to build a particular strategy for each department and for each employee or team depending upon the hierarchy/organizational structure of a business. This implies that a strategic plan is basically prepared for developing one particular strategy or a maximum of one primary strategy and another contingent strategy or backup plan so that if the primary strategy fails, the backup plan or the contingent strategy can be utilized. In case of a business plan, I think that there must be an understanding of the overall business scenario so that all the different strategies of the business can be prepared and understood for leading and running the business.