What Is The Difference Between Strategy Planning And Strategic Management?


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amber Jhon Profile
amber Jhon answered
Strategic management deals with the determination of the mission, vision, goals, objectives, values, roles and responsibilities of the organization. It helps the organization to determine the strategic goals which a company wants to attain in future. On the other hand, strategic planning is the management tool and it is the process in which the organization focuses it's energy to attain those goals. In the strategic planning the organization plan that how the members will attain the organization's goals for example what the organization will do and how to do. Therefore, strategic planning and strategic management are closely related.

Anonymous Profile
Anonymous answered
Business strategy formulates and implement the plans and policies whereas strategic management controls and answers to the question whether the objective can be achieved or not.
Anonymous Profile
Anonymous answered
Strategic management is means to manege all those activities which are performed for the achievement of strategic planning steps like mission statement, goal and objectives, designing business portfolio and other marketing strategies.
Strategic planning is all about stating mission, goals and objectives and business portflio and marketing strategies.

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