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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.
A firm's strategic policy also known as Strategic management process is the one which is set by the firms to achieve long-term objectives.It contains Core strategy formulati â¦ on, implementation and evaluation.2 people found this useful.ifference between Policy and Strategy The term policy should not be considered as synonymous to the term strategy. The difference between policy and strategy can be summa â¦ rized as follows-Policy is a blueprint of the organizational activities which are repetitive/routine in nature.