Which element is NOT typically included in a strategic plan?

In the context of strategic planning, a comprehensive strategic plan typically encompasses several key elements that steer an organization toward its objectives. A vision statement articulates the long-term aspirations of the organization, providing a guiding purpose and direction. Market analysis involves an assessment of the external environment, helping the organization understand industry trends, customer needs, and market dynamics. Competitive strategy outlines how the organization intends to gain and maintain a competitive edge against rivals, focusing on unique value propositions and positioning.

Employee payroll, while a critical operational aspect of managing a workforce, does not typically fall within the scope of a strategic plan. Payroll is more aligned with human resources and financial management, focusing on the day-to-day remuneration of employees rather than overarching strategic objectives. Thus, it is not a fundamental component when formulating a strategic plan, which is primarily concerned with long-term goals and the means by which to achieve them. This distinction highlights why employee payroll is the correct answer in identifying the element that is not typically included in a strategic plan.