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Just a guess, but I would have thought "tactical planning" would be the opposite of stragic planning.

Wiki defines 'strategy' as 'a plan of action designed to achieve a particular goal' and as a 'scheme: an elaborate and systematic plan of action'.

Therefore, one could say that the opposite of strategic planning is a short-termist, simplistic and un-systemic planning method. This could be summed up as 'tactical planning' as suggested.

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Degree of formality in strategic planning?

mality in strategic management r


Advantages of strategic planning?

Strategic planning is the management task concerned with growth and future of a business enterprise. A well-organized planning system is an extremely useful communications network. The planning process is a means for communications among all levels of management about objectives, strategies, and detailed operational plans. One of the great advantages of strategic planning is that it simulates the future on paper.


Importance of formality in strategic planning?

Strategic accounting uses the structure and formality of strategic activities in order to have a balance of both financial and non-financial information to promote strategic processes. A high degree of organization is needed in accounting or critical mistakes can occur in strategic planning can occur.


What are the three major activies in planning function?

There are three basic activities in Strategic Planning. Strategic Analysis which requires some sort of review of the company's driving force and environment. Setting Strategic Direction which requires coming to conclusions and setting strategic goals based on the issues facing the company. Action Planning involves the carefully laid out plan or gameplay needed to achieve a successful outcome.


How can you compare strategic planning and a strategic management approach?

Planning refers to the management function of setting goals and deciding how best to reach that goal, whereas strategic management refers to a process in which managers formulate and implement strategies geared to optimizing strategic goal achievement, given available environmental and internal conditions. It involves a thorough 6 step process.

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