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The difference between strategic management and strategic planning. Both strategic management and strategic planning terms mean the same! The difference is that the latter one is more used in the business world while the former is used in the academic environment.
The difference between strategy and tactics is that strategy defines what is to be done but tactics defines the how. Tactical Management focuses on one or a series of task â¦ s and activities involved in executing an overall strategy. Strategic Management is focused on establishing the end goal in mind.