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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.
Strategic planning is the process of: clarifying what the organisation is about; deciding what is and is not a priority for the use of resources; analysing the internal and external environment; considering how best to deal with upcoming changes and transitions; setting out a clear direction; and.