A strategy is creating goals based on logic and intuition
(https://i.imgur.com/s7MhJXh.png)
A plan: is the step by step to achieve the goals
(https://i.imgur.com/2NKPnFD.png)
QuoteA strategy is NOT a plan.
Here are 5 ways they are different:
1/Purpose and Scope
→ Plan: Detailed and prescriptive.
→ Strategy: High-level and directional.
2/ Flexibility and Adaptation
→ Plan: More rigid and structured.
→ Strategy: Flexible and adaptable.
3/ Focus on Competitive Environment
→ Plan: Inside focused to achieve specific goals.
→ Strategy: Outside oriented, defining a unique value.
4/ Long-term vs. Short-term Orientation
→ Plan: Short-term focused, immediate steps.
→ Strategy: Long-term in nature, sustainable over time.
5/ Level of Uncertainty
→ Plan: Concerned with current known variables.
→ Strategy: Higher uncertainty. Intuition and logic.
PS. What other ways are they different?
source:
(https://i.imgur.com/XdOoo93.png)