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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.
Enumerate some characteristics of strategic management. it is a combination of strategy formulation and strategy implementation; it is the highest level of managerial activity; it is performed by an organizationâs CEO (Chief Executive Officer) and executive team; it provides overall direction to the enterprise.