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How Do Strategic Planning, Long-Range Planning, and Budgeting Differ

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How do strategic planning, long-range planning, and budgeting differ?


Definitions:

Invested

Committed money, resources, or effort into something with the expectation of achieving a profit or beneficial result.

Seed-stage

The initial phase of a startup's development, where the focus is on product development and market research, often funded by seed capital.

Startup

A newly established business, often in the technology sector, aimed at addressing a market need by developing a viable business model.

Valuing

The process of estimating the worth or value of a business, asset, or investment.

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