Strategy is not planning
A plan is not a strategy and a strategy is not a plan…but they are both vital for success. In order to achieve that success they must both integrated in your Company Operating System.
“Strategic Planning” is a term that is alluring - It sounds sophisticated and highly valuable. Talking about strategic planning or even accomplishing it can give a leader a sense that they’re doing something transformative that will drive great results for their business.
Many leaders don’t understand the difference between strategy and planning. A strategy is not simply a long-term plan.
A strategy, in essence is a theory. It should not be complicated.
Strategy | Planning | |
---|---|---|
End goal: | Outcome | Output |
Control: | Customer | You |
Comfort level: | High | Low - mid |
Integrative: | Yes | No |