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

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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.


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

strategic planning


What is different between traditional management and strategic management?

Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.

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.


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

strategic planning


What is different between traditional management and strategic management?

Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.


WHAT is the link between strategic management and leadership?

Leadership is setting where we are going, while strategic management is smartly overseeing the critical issues of how we get there.


What is the difference between linear and dynamic strategic planning?

The difference between linear and dynamic strategic planning lies in their approach to change and adaptability. Linear strategic planning follows a fixed, step-by-step process with clear objectives and a rigid timeline, making it suitable for stable environments. In contrast, dynamic strategic planning is flexible and iterative, allowing for continuous adjustments based on real-time feedback and changing conditions. Dynamic planning is more effective in uncertain or rapidly changing environments. To learn more about these planning approaches and how to apply them, visit PMTrainingSchool .Com (PM training).


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.