answersLogoWhite

0

Yes, a strategy is an overarching vision. Detailed plans are required to realise the strategy.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Management

What is the relation between strategic planning and project selection?

Strategic planning is the first phase of project selection.


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 relationship between Strategic planning human resources planning and strategic human resources management?

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.


What are the differences between strategic planning and contingency planning?

Strategic planning involves setting long-term goals and determining the best pathways to achieve them, focusing on the organization's vision and mission. In contrast, contingency planning prepares for unexpected events or crises by developing alternative courses of action to mitigate risks and ensure continuity. While strategic planning is proactive and goal-oriented, contingency planning is reactive and focused on risk management. Both are essential for organizational resilience but serve distinct purposes.


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

strategic planning

Related Questions

What is the relation between strategic planning and project selection?

Strategic planning is the first phase of project selection.


What is the link between strategic management and leadership of south west airlines?

the link between strategic management and leadership


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 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.


Difference between strategic financial management and financial management?

The difference between strategic financial management and financial management lies in their focus and scope. Financial management primarily involves managing an organization's day-to-day finances, such as budgeting, accounting, and cash flow management. Strategic financial management, on the other hand, focuses on long-term financial planning aligned with the organization’s goals and objectives. It involves making decisions that not only improve current financial performance but also ensure the organization's future financial stability and growth. For expert insights on strategic management concepts, visit PMTrainingSchool .Com (PM training).


What is the relationship between Strategic planning human resources planning and strategic human resources management?

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.


What are differences between strategic management and strategic management accounting?

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.


What are the differences between strategic planning and contingency planning?

Strategic planning involves setting long-term goals and determining the best pathways to achieve them, focusing on the organization's vision and mission. In contrast, contingency planning prepares for unexpected events or crises by developing alternative courses of action to mitigate risks and ensure continuity. While strategic planning is proactive and goal-oriented, contingency planning is reactive and focused on risk management. Both are essential for organizational resilience but serve distinct purposes.


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

strategic planning


What is the diffirence of management style between filipino and Japanese?

Japanese values the time more than the Filipinos but Filipinos are more compassionate than the Japanese do.


What is the diffirence between beg and pardon?

Difference


What is the diffirence between nokia 6300 and 6300i?

the i..

Trending Questions
What are the key stages of the innovation process? What is the importance of business management? Do all mergers and acquisitions require shareholder approval? Which organization evaluates measures of effectiveness to determine how well a munitions system can perform its mission? What the difference between order and command? Who is the plan administrator for hospital corp of America inc money purchase plan for questions relating back to 1987? Is the purpose of teaching a management course to teach about management or to teach how to be managers? What is the difference between a metric and an indicator in the context of data analysis and measurement? Enumerate and discuss the 5 functions of management? Where was the first step pyramid built and who was it built for? Why is it important that an employer ensure that employees set personal and career goals? Management freedom of action in deciding relative pay rates is constrained by the product market the labor market collective bargaining technology and the internal labor market? Why is it important to manage the business side of physician practice? What type of training do I need to become an Executive Office Assistant? What strategies can be implemented to ensure a successful and productive epic sprint in a software development project? What is the difference between project implementation plan and project charter? What is the relationship between shareholders and managers? What is the National Incident Management Systems NIMS? Why is supply chain management important in operations management? What is Halliburton's mission statement?