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Q: Is there any different between corporate planning and strategic planning?
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Difference between corporate planning and strategic planning?

Strategic planning is also known as business planning. This is the plan that the corporation comes up with, and the goals they would like to meet. Corporate planning refers to the strategies that will be followed by employees to help meet the corporation's goals.


What is the relation between strategic planning and project selection?

Strategic planning is the first phase of project selection.


What is the difference between planning and strategic planning?

Planning is just current planning whereas strategic planning helps plan the business for more than 5 years from now.


What is the difference between corporate planning and tax planning?

Corporate planning is planning made for your business while tax planning is minimizing the taxes you pay in a legal manner


What is the difference between conducting strategic planning and having a strategic mindset?

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.


What is the difference between strategic planning and operational planning?

Operational planning involves day-to-day activities. Strategic planning is the process of developing a strategy that will govern operational plans for the organization.


When a firm develops and maintains a strategic fit between its goals and capabilities it is performing?

strategic planning


Explain the difference between strategic planning and strategic intent?

Strategic planning refers to defining a strategy and allocating resources necessary to accomplish the plan. Strategic intent is simply the plan without any allocation of resources.


What is conventional planning?

Conventional Planning is a type of planning that does not require participation of as many key stakeholders as Participatory Planning does. Conventional planning tends to be Linear, while Participatory Planning is largely Strategic. Foreseen potential pitfalls and working towards mitigating them.


Is there a difference between strategic thinking and strategic planning?

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 difference between strategic planning and tactical planning?

Strategic planning is about setting long-term goals and determining how to achieve them. Tactical planning is about breaking down those long-term goals into smaller, more manageable tasks that can be completed in the short term.


What process of developing and maintaining a strategic fit between the organization's goals and capabilities and its changing marketing opportunities is called?

Strategic planning