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Strategic vs. Strategical — What’s the Difference? "Strategic" is a commonly used adjective that refers to matters related to strategy or crucial planning, especially in military, business, or political contexts It implies a high level of importance and is often used to describe decisions, locations, or actions that are vital to success
What is Strategy? - Strategic Thinking Institute Sometimes in the sea of email, video meetings, and fire drills, we lose sight of what research has shown to be the most important role of a leader: setting strategic direction It’s time to get back to the essence of what that means
Strategic Planning - Corporate Finance Institute Strategic planning is the art of creating specific business strategies, implementing them, and evaluating the results of executing the plan, in regard to a company’s overall long-term goals or desires
What is strategic planning? – Beyond by Esade Definition of strategic planning Strategic planning is defined as a process that allows companies to set long-term goals and design the strategies needed to achieve them This process includes different phases, which we will analyze in the next section using an example of the strategic planning of a fictitious company