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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.
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What is the relation between strategic planning and project selection?
Strategic planning is the first phase of project selection.
Differences between strategic and operational issues?
strategic issues is the issue that need a full planning andanalysingofsituationbefore solving it... operational issue is easy to address and can be solved by changing one or two visible things
What is the difference between contingency planning and crisis management?
Contingency planning is where organisations prepare contingency plans in recognition of the fact that things do go wrong from time to time, so this is prepared BEFORE A CRISIS. It refers to being proactive, what-if's. Crisis Management involves identifying a crisis and planning a response, AFTER a crisis has occurred.
When a firm develops and maintains a strategic fit between its goals and capabilities it is performing?
strategic planning
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 is the relation between strategic planning and project selection?
Strategic planning is the first phase of project selection.
Differences between strategic and operational issues?
strategic issues is the issue that need a full planning andanalysingofsituationbefore solving it... operational issue is easy to address and can be solved by changing one or two visible things
What is the difference between contingency planning and crisis management?
Contingency planning is where organisations prepare contingency plans in recognition of the fact that things do go wrong from time to time, so this is prepared BEFORE A CRISIS. It refers to being proactive, what-if's. Crisis Management involves identifying a crisis and planning a response, AFTER a crisis has occurred.
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 contingency planning and emergency planning?
Contingency plannings take into account s ituations not being part of nominal operations but already foreseen. Emergency planning is a typical unforeseen contingency situation for which a specific emergency plan must be issued. The goal is to define the GUIDELINES to be adopted in case EMERGENCY PROCEDURE must be issued
When a firm develops and maintains a strategic fit between its goals and capabilities it is performing?
strategic planning
What are the differences between product planning and packaging?
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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 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 is the difference between planning and strategic planning?
The difference between planning and strategic planning lies in their scope and focus. Planning refers to the process of outlining specific steps and tasks needed to achieve short-term goals, focusing on day-to-day operations. Strategic planning, on the other hand, is a long-term, high-level process that defines an organization's overall direction, setting priorities, and aligning resources with its vision. Strategic planning focuses on broader, future-oriented goals, while regular planning is more immediate and tactical. For more insights into effective planning techniques, visit PMTrainingSchool .Com (PM training).
What is the difference between strategic planning and operational planning?
The difference between strategic planning and operational planning lies in their focus and timeframe. Strategic planning is long-term and focuses on setting overall goals and direction for an organization, aligning with its mission and vision. It outlines where the organization wants to go in the future. Operational planning, on the other hand, is short-term and focuses on the day-to-day activities needed to achieve the strategic goals. It details specific actions, timelines, and resources required for execution. To learn more about these essential planning processes, visit PMTrainingSchool .Com (PM training).
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
