The strategic plan is a business document that describes the process of establishing the company's mission and vision and aligning them with the goals and objectives of the company. The time frame for creating a strategic plan is not precisely determined, but it usually lasts several months before the company starts to apply it. On the other hand, the time frame for implementing a strategic plan is usually from 3 to 5 years. Less than 3 years is too short for most set goals, and more than 5 years is difficult to predict when creating a strategic plan.