Yes, a strategy is an overarching vision. Detailed plans are required to realise the strategy.
With dynamic strategic planning decisions are linear. Management must assess a variety of situations and circumstances before they are able to properly develop a course of action.
Strategic planning is the first phase of project selection.
In the view of F. Graetz, strategic thinking and planning are "distinct, but interrelated and complementary thought processes" that must sustain and support one another for effective strategic management. Graetz's model holds that the role of strategic thinking is "to seek innovation and imagine new and very different futures that may lead the company to redefine its core strategies and even its industry". Strategic planning's role is "to realize and to support strategies developed through the strategic thinking process and to integrate these back into the business".[3] According to J. M. Liedtka, strategic thinking differs from strategic planning along the following dimensions of strategic management:[8]
yes
Planning is just current planning whereas strategic planning helps plan the business for more than 5 years from now.
With dynamic strategic planning decisions are linear. Management must assess a variety of situations and circumstances before they are able to properly develop a course of action.
Strategic planning is the first phase of project selection.
the link between strategic management and leadership
In the view of F. Graetz, strategic thinking and planning are "distinct, but interrelated and complementary thought processes" that must sustain and support one another for effective strategic management. Graetz's model holds that the role of strategic thinking is "to seek innovation and imagine new and very different futures that may lead the company to redefine its core strategies and even its industry". Strategic planning's role is "to realize and to support strategies developed through the strategic thinking process and to integrate these back into the business".[3] According to J. M. Liedtka, strategic thinking differs from strategic planning along the following dimensions of strategic management:[8]
What is the similarity between financial managment and strategic financial managment
yes
Planning is just current planning whereas strategic planning helps plan the business for more than 5 years from now.
Conducting strategic planning means that you are planning ways to meet the strategic objectives of your organization. Having a strategic mindset refers to the way you think each day for work and in life.
1) technologically 2) financial resources 3) human resources strategy 4) strategic plan. This answers is by JEISMYL GEORGE or VICTOR MOSHI, Tumaini University Dar es Salaam College.2012.
Operational planning involves day-to-day activities. Strategic planning is the process of developing a strategy that will govern operational plans for the organization.
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
strategic planning