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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.
is a part of management. The strategic management process is an integral part of overall managerial accountability for senior managers. Strategic plan implementation is more likely to be effective when the strategic planning process takes account of strategy implementation requirements from the beginning.he strategic management process is the final stage of the formal strategic planning process. It reconnects the strategic planning with the ongoing management processes of the organization. Peter Drucker said Plans are only good intentions unless they immediately degenerate into hard work..