Summary.
Planning and strategy are two fundamentally different actions—and conflating them undermines performance. Planning is about allocating resources and setting out actions within a company’s control, like opening a new plant or hiring staff. Strategy, on the other hand, is about making a coherent set of choices that position an organization to win in a specific market.
Read more on Strategy or related topics Strategy formulation, Corporate strategy, Competitive strategy and Strategic planning
Read more on Strategy or related topics Strategy formulation, Corporate strategy, Competitive strategy and Strategic planning
