MANAGEMENT

Detailed explanation-1: -A roadmap is a strategic plan that defines a goal or desired outcome and includes the major steps or milestones needed to reach it. It also serves as a communication tool, a high-level document that helps articulate strategic thinking-the why-behind both the goal and the plan for getting there.

Detailed explanation-2: -What is the purpose of a business roadmap? A business roadmap helps you visualize exactly what is needed to transform a company’s vision into reality and when. You can lay out what will happen in a given month, quarter, or year-or whatever timeline you prefer to visualize when you will achieve your goals.

Detailed explanation-3: -A business plan is a document that defines in detail a company’s objectives and how it plans to achieve its goals. A business plan lays out a written road map for the firm from marketing, financial, and operational standpoints. Both startups and established companies use business plans.

Detailed explanation-4: -A business plan is also a road map that provides directions so a business can plan its future and avoid bumps in the road. It is a process to make the end products/services available to the customers. It encompasses every aspect of getting the product to its target market.