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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 has a long time frame and is the link between governance and management with a shared responsibility to develop the âright strategyâ. o Tactical planning is intermediate-range planning that is designed to develop relatively concrete and specific means to implement the strategic plan.