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Subjects>Business>Management

What is relationship between strategy and planning?

Anonymous

∙ 10y ago

Updated: 9/30/2023

planning strateging

Vivien Lind ∙

Lvl 10

∙ 3y ago

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What is the relationship between planning and strategy?

planning strateging

Difference between strategy and planning?

In business, strategy is abstract while planning is more concrete. A strategy describes a global path to achieve a goal. Planning on the other hand, is the allocation of resources necessary to accomplish the strategy.

Relationship between an organization's strategy and structure?

hi - bye - fly -the best strategy

What is the difference between strategy and planning?

The difference between strategy and planning is to plan, you brainstorm, write down what you want to happen, etc. A strategy is an exact step by step procedure you are going to follow.

Is there a diffirence between planning and strategic management?

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

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