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A strategy is a plan for the future.A plan is a collection of actions designed to achieve a goal.Strategy vs PlanPlan is a generic term that applies to mundane things you wouldn't call a strategy. You might plan to go to Paris for Christmas. Calling this a strategy would be a bit of a stretch. As such, strategies are plans that are important to your long term goals. You might develop a strategy to invest in French real estate.
Another key difference is that plans can be immediate while strategies involve the future. Strategies that deal with short term opportunities are known as tactics. |
| Strategy | Plan | Definition | A plan for the future that is important to your long term goals. | A structured collection of actions designed to achieve a goal. |
Business Strategy
This is the complete list of articles we have written about business strategy.
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A definition of strategy vs tactics with two examples.
The difference between a capability and a process.
The difference between functional and non-functional requirements explained.
An overview of knowledge vs intelligence.
An extensive list of business strategies.
A reasonably comprehensive guide to strategy.
The difference between a baseline and a benchmark.
A few sources of competitive advantage for businesses.
A list of macro environment components.
The difference between competitive advantage and distinctive capability.
An overview of a common business strategy.
A definition of restructuring with examples.
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