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Strategic Plan – Action Plan
Terminology Equivalence
¡Traditional Strategic Plan                Action Plan
¡Goals  Key Focus Areas and Components
¡Objectives (Measurable) Initiatives and Long-Term Targets
¡                                                                            (3 – 5 years in duration)
¡Strategies Activities
¡Tactics Steps
¡Actions
¡Cost Listed only if not already budgeted
¡Performance Measures Annual Measures
¡Time frame Time 3-5 years