Strategic planning is the process through which an organization defines its strategy, direction as well as make decisions to allocate its resources. On the other hand, Operational planning is a subset of strategic work plan. It defines the short term methods of achieving the strategic objectives set while strategic planning is done.
Strategic planning is proactive in nature and spans over a long time periods usually 10 years or so. On the other hand, operational planning is also proactive but changes are made to it depending on the current requirements. They are relative short term in nature, spanning a time period of 1-3 years.
Strategic planning is the formal planning for the future course and defines the following:
- What do we do?
- For whom we do it?
- How do we succeed?
On the other hand, operational planning defines the following:
- Where are we now?
- Where do we want to be?
- How do we get there?
- How do we measure our progress?