Question
Strategic Planning and Strategic Management
Answer :
Word Count : 146
| Aspect | Strategic Planning | Strategic Management |
|---|---|---|
| Definition | The process of formulating and outlining an organization's goals, objectives, and strategies for the future. | The ongoing process of monitoring, analyzing, and adapting strategies to achieve the organization's goals. |
| Scope | More focused on the creation of a strategy or plan. | Involves both strategic planning and the execution of strategies. |
| Time Frame | Typically focuses on long-term goals (3-5 years or ________ _____ ___ __________ _______ ________ _______ ______ __________ _________. _______ ____ ______ ___ _______ _____ ___ _______ ________ _____ ______. ________ _______ _________ ______ __________ ___ _____ _______ _____ ____ _____. __________ __________ _________ ____ _________ ___ __________ ______ _____ ______ __________. _______ ____ ______ ______ _____ ___ ______ ________ __________. ________ ___ ________ _______ _______ ____ ______ ___ _______ ____. _____ _______ ___ _______ ____ _____ _____ __________ _____. ___ ______ ______ ______ ______. ____ _________ _______ _________ _______ _______. _____ __________ ___ ________ _________ _____ _________ ____ _______. IGNOU ACADEMY Your IGNOU journey, made easier.
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