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When you're talking about planning and strategy you notice that , most of people Think that the concepts themselves, what the difference between them?

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Question added by Ahmad Hawa , SALES & PROJECT MANAGER , NEW TECH
Date Posted: 2014/08/18
Sheikh Ahmed
by Sheikh Ahmed , CEO , Automotive Manufacturers Ltd.,

A strategy describes a global path to pursue a formal goal. E.g.: We want x% of the market in order to reach a sustainable level of profitability. 

A plan, on the other hand, allocates in detail resources that are necessary to accomplish the strategy, e.g.: hiring of sales people, launching an advertising campaign etc.Thus, the strategy is more abstract, the plan more concrete.

The time horizon is not decisive since it companies are sometimes forced to change a strategy on rather short notice and with few time left.Recently, the terms strategy and business model are sometimes used as synonyms. There is considerable overlap between the two concepts..

Duncan Robertson
by Duncan Robertson , Strategy Consultant , Duncan Robertson Consultancy

Goal: go to Paris

 

Strategy: go by plane

 

Plan: buy plane tickets, obtain passport/visa/insurance etc, pack luggage, take taxi to airport.

 

Tactics: use price comparison site to get cheapest plane tickets:  pack suitcase only after required items have been laid out:  use trusted taxi firm without checking price with other firms.

Samir Ahmed
by Samir Ahmed , Director , Steel Quest Engg., Services Pvt., Ltd.,

Planning is a logic we design to achieve our objective..

Strategy is an different means of options available to reach the objective..

For example we plan to go to dubai that's planning..

We look out for different options to reach which flight to take which will reduce our costs, finally the objective is to reach the destination/goal..

 

alls which  those activitie which arerelated to gain the objectives of any policy

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