Plan and strategy are two distinct terms:
Planning is a process, while strategy is logic.
Many people confuse these terms:
But let me explain the difference.
The confusion often arises from how we use the term "strategy".
Sometimes, we use "strategy" to refer to special concepts like "strategic finance" or "strategic marketing".
Other times, we casually mention our plans to achieve goals, like saying, "My strategy to improve my grades is to study 10% more every day".
However, in the context of business or organizations, strategy has a specific meaning.
If every plan or process were labeled as a strategy, things would become very confusing.
Here's the key difference:
- Strategy is the underlying logic behind how an organization creates and captures value.
- Planning is the method used to execute strategy.
Put simply:
- Strategy sets the goals, while planning helps to achieve them.
A strategy outlines the reasons behind an organization's actions.
Planning is a process, while strategy is logic.
Many people confuse these terms:
But let me explain the difference.
The confusion often arises from how we use the term "strategy".
Sometimes, we use "strategy" to refer to special concepts like "strategic finance" or "strategic marketing".
Other times, we casually mention our plans to achieve goals, like saying, "My strategy to improve my grades is to study 10% more every day".
However, in the context of business or organizations, strategy has a specific meaning.
If every plan or process were labeled as a strategy, things would become very confusing.
Here's the key difference:
- Strategy is the underlying logic behind how an organization creates and captures value.
- Planning is the method used to execute strategy.
Put simply:
- Strategy sets the goals, while planning helps to achieve them.
A strategy outlines the reasons behind an organization's actions.
Plan and strategy are two distinct terms:
Planning is a process, while strategy is logic.
Many people confuse these terms:
But let me explain the difference.
The confusion often arises from how we use the term "strategy".
Sometimes, we use "strategy" to refer to special concepts like "strategic finance" or "strategic marketing".
Other times, we casually mention our plans to achieve goals, like saying, "My strategy to improve my grades is to study 10% more every day".
However, in the context of business or organizations, strategy has a specific meaning.
If every plan or process were labeled as a strategy, things would become very confusing.
Here's the key difference:
- Strategy is the underlying logic behind how an organization creates and captures value.
- Planning is the method used to execute strategy.
Put simply:
- Strategy sets the goals, while planning helps to achieve them.
A strategy outlines the reasons behind an organization's actions.
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