Business Plan - This is a document that sets out what markets the business intends to operate in, how it will do so and what finance they require (Blackwell, 2004). These plans are mainly used to provide information for shareholders and to generate interest from investors who may be willing to help fund a project set out in the plan. This is shown in British Airways' business plan, it states that they want to expand their fleet of aircraft subject to raising the appropriate finances. Issuing this as a plan may attract people who want to invest or increase their shareholders as shows that the airline is going to expand. Business plans can also be used in an organisation for internal purposes. For example lower level management may need to get financial support from more senior levels and will need to provide a business plan to show what they intend to do with any given funds.Strategic Plan - These are plans for the whole organisation not just individual departments. A strategic plan can be described as 'determining the basic long term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources for carrying out these goals' (Chandler, 1962). This basically means the organisation will identify where it wants to be and which route it must take in order to get there. The basis for British Airways' strategic plan can be seen in their mission statement. The statement illustrates where the airline wants to end up and what they have to achieve in order to meet these goals.