Long-term business plan: what it is and what it means

The long-term business plan describes long-term choices on the company's production capacity, products, markets and structural investments. It differs from the budget because it covers multi-year industrial choices, not the annual financial translation of day-to-day operations. It is typically produced when ownership changes, new partners come in, or the company is restructured.

Distinctive: multi-year industrial choices
Distinctive: production capacity, products, markets and structural investments
Essential: long-term choices
Constant: long-term

Glossary

Long-term business plan

A document that describes long-term choices on production capacity, products, markets and structural investments, distinct from the annual budget.