Business Plan versus Business Model for Quality Control

Business Plan versus Business Model for Quality Control
Inkon (2019) portrays that for a business to be successful, it needs to have a business plan and a business model. Thus, a business plan refers to a document that contains a written description of the future of a given business. Not only does it have business concepts written down, it also has people and steps that will be involved to aid in the business's success (Surono, 2022). It is also in this document that the business structure that will lead to the success of a given business is described.
Conversely, a business model is mainly the plan that will be followed to help in profit making. It is in this document that information on how a given company is valued in a specific industry is described. A business model also contains details on how a business will interact with various stakeholders for the purpose of making a profit. Therefore, as a business plan describes the structure...