If such business planning is business planning aligned with, and designed to implement corporate strategy there would not be much of a problem.
However, sometimes it is just a matter of trying to make the ordinary business planning sound a bit more important than just a budget!
At every stage of strategic-planning the planner asks, "What must be done at the earlier stage to reach here? It is flexible in choice of its means of achieving the desired end state.
A business plan summarizes the firm’s operational and financial objectives for the near future. For the audiences inside the organization, a business plan functions as a kind of blueprint to guide the organization’s activities.
Spell out these broad strategic intentions of the strategic plan in other types of plans, including business plans.
You might call business planning that converts the corporate strategy into clear actions with resources strategic business planning. While there may be some overlap between strategic planning and business planning, they are not the same thing.
Strategic planning is a systematic, formally documented process for deciding the handful of major decisions that an organisation, as a corporate whole, must get right in order to thrive over the next few years.
The process results in the production of a corporate strategic plan.
The strategic plan is different from the business plan. If you must use the phrase strategic business planning, I urge you do it with a clear definition of strategic planning in mind.
Understand that a strategic plan differs from a business plan in three ways -I define strategic planning differently to some others. Begin with a clear understanding of and commitment to the enduring purpose of the organization.