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Strategic Planning vs. Strategic Management: What's the Difference?

Edited by Sara Rehman || By Sumera Saeed || Published on December 27, 2023
Strategic planning is the process of defining a strategy and direction, while strategic management involves implementing, evaluating, and adjusting these strategies.

Key Differences

Strategic planning is the process of outlining an organization's direction, setting goals and deciding on the actions to achieve these goals. Strategic management, however, encompasses not only planning but also the execution and ongoing oversight of these strategies.
Sumera Saeed
Dec 27, 2023
Strategic planning focuses on establishing long-term objectives and determining resources needed, while strategic management involves adapting plans as necessary and managing daily operations to align with these strategies.
Sumera Saeed
Dec 27, 2023
The outcome of strategic planning is a clear roadmap for the future, including a vision and mission. In contrast, strategic management is an iterative process, constantly adjusting to changes in the internal and external environment.
Sara Rehman
Dec 27, 2023
Strategic planning often occurs at higher levels of management, involving top executives and decision-makers. Strategic management, on the other hand, permeates all levels of an organization, involving continuous decision-making and problem-solving.
Sumera Saeed
Dec 27, 2023
The key to successful strategic planning is foresight and long-term perspective, while effective strategic management requires flexibility, ongoing assessment, and responsive leadership.
Aimie Carlson
Dec 27, 2023
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Comparison Chart

Focus

Defining strategy and setting long-term goals
Implementing and managing the defined strategy
Sumera Saeed
Dec 27, 2023

Scope

Predominantly planning and designing
Includes planning, execution, and monitoring
Sara Rehman
Dec 27, 2023

Level of Operation

Generally at the top or executive level
Involves all levels of an organization
Sumera Saeed
Dec 27, 2023

Timeframe

Long-term perspective
Continuous and adaptive process
Sumera Saeed
Dec 27, 2023

Primary Objective

Establishing a clear roadmap and direction
Achieving strategic goals through management
Janet White
Dec 27, 2023
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Strategic Planning and Strategic Management Definitions

Strategic Planning

A methodical approach to setting long-term goals.
Strategic planning helped them identify new opportunities for growth.
Sumera Saeed
Dec 07, 2023

Strategic Management

Continuous assessment of strategy effectiveness.
Regular strategic management meetings were held to monitor progress.
Sumera Saeed
Dec 07, 2023

Strategic Planning

Establishing a vision and direction for an organization.
The board's strategic planning set the course for the next five years.
Harlon Moss
Dec 07, 2023

Strategic Management

The ongoing process of implementing strategic plans.
Through strategic management, they successfully executed the new marketing strategy.
Sumera Saeed
Dec 07, 2023

Strategic Planning

The process of defining an organization’s strategy.
The company's strategic planning session focused on expanding into new markets.
Sumera Saeed
Dec 07, 2023

Strategic Management

Managing resources to achieve strategic objectives.
Strategic management ensured the efficient use of funds in the project.
Sara Rehman
Dec 07, 2023

Strategic Planning

Determining the actions to achieve organizational objectives.
Their strategic planning involved diversifying their product line.
Sumera Saeed
Dec 07, 2023

Strategic Management

The alignment of operational activities with strategic goals.
Strategic management was key in aligning the sales team with company objectives.
Janet White
Dec 07, 2023

Strategic Planning

A decision-making tool to allocate resources effectively.
Strategic planning was used to decide which projects received funding.
Harlon Moss
Dec 07, 2023

Strategic Management

The adaptation of strategies based on environmental changes.
Their strategic management involved adjusting goals in response to market shifts.
Sumera Saeed
Dec 07, 2023

FAQs

Can strategic planning change?

Yes, it can be updated based on new information or changes.
Janet White
Dec 27, 2023

What is strategic planning?

It's the process of setting goals and determining how to achieve them.
Sumera Saeed
Dec 27, 2023

Who is involved in strategic planning?

Typically top executives and key decision-makers.
Sara Rehman
Dec 27, 2023

Is strategic planning necessary for all businesses?

Most businesses benefit from having a clear strategy.
Sumera Saeed
Dec 27, 2023

Who performs strategic management?

All levels of management, from executives to mid-level managers.
Harlon Moss
Dec 27, 2023

What is strategic management?

It's the practice of implementing and adjusting strategic plans.
Harlon Moss
Dec 27, 2023

How does strategic management differ from day-to-day management?

It focuses more on long-term goals and strategic alignment.
Sumera Saeed
Dec 27, 2023

What role does innovation play in strategic planning?

It's essential for staying competitive and relevant.
Sumera Saeed
Dec 27, 2023

How often should strategic planning be done?

It varies, but often annually or biannually.
Sumera Saeed
Dec 27, 2023

Do small businesses need strategic management?

Yes, to guide growth and adapt to changes.
Janet White
Dec 27, 2023

How important is communication in strategic management?

Crucial for ensuring alignment and execution.
Aimie Carlson
Dec 27, 2023

Is strategic management a continuous process?

Yes, it requires ongoing effort and adaptation.
Harlon Moss
Dec 27, 2023

Can strategic planning predict future trends?

It attempts to, though predictions aren't always accurate.
Aimie Carlson
Dec 27, 2023

What are common challenges in strategic planning?

Lack of clear vision, inadequate resources, and resistance to change.
Sumera Saeed
Dec 27, 2023

Can strategic management help in crisis situations?

Yes, it provides a framework for response and adaptation.
Janet White
Dec 27, 2023

Can strategic management affect company culture?

Yes, it can significantly influence organizational culture.
Janet White
Dec 27, 2023

Can external factors influence strategic planning?

Yes, like market trends and economic conditions.
Sumera Saeed
Dec 27, 2023

How is success measured in strategic management?

Through the achievement of strategic goals and objectives.
Aimie Carlson
Dec 27, 2023

How does technology impact strategic planning?

It offers tools for analysis and forecasting.
Aimie Carlson
Dec 27, 2023

Are strategic planning and management only for for-profit businesses?

No, they're valuable for any organization.
Sumera Saeed
Dec 27, 2023
About Author
Written by
Sumera Saeed
Sumera is an experienced content writer and editor with a niche in comparative analysis. At Diffeence Wiki, she crafts clear and unbiased comparisons to guide readers in making informed decisions. With a dedication to thorough research and quality, Sumera's work stands out in the digital realm. Off the clock, she enjoys reading and exploring diverse cultures.
Edited by
Sara Rehman
Sara Rehman is a seasoned writer and editor with extensive experience at Difference Wiki. Holding a Master's degree in Information Technology, she combines her academic prowess with her passion for writing to deliver insightful and well-researched content.

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