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Many think that the two terms denote one and the same thing, but there is a
difference between strategic planning and strategic management which explains
the article hereunder, take a read.
Comparison Chart
Conclusion
The scope of strategic management is greater than the strategic planning, in the
sense that the latter is one of the important components of the former, that
encompasses drafting strategies, to stand in the competition and is helpful for the
survival, growth, and expansion of the company. Strategic planning is an activity
performed by the top management of the organization, that helps to relate the
organization with the business environment.
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Comments
syedtabarak says
September 21, 2017 at 12:14 pm
Thank u
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