Difference between strategle, taetleal, operational planning, Difference between strategic, tactical, operational planning is as shown: ‘Strategie planning ‘Toetieal Planaing ‘Operational Planning Execulive managers are responsible for strategie planning, ‘Mid-level managars are responsible for tactical planning. Low-level managers are responsible for operational planning, ‘Astrategic plan can take one year to decades in ts completion, ‘A tactical plan may take one year or less fime in completion, ‘Operatonal plans may take a Single day in their completion ‘A strategic plan has milestones. A tactical plan can involve many action steps, ‘Operational plan invoive a few action step. Strategic plan provides complete lraction t a business. ‘There are practical steps which are needed to implement the strategy. Operational plan keeps all the: information about process, product and the stock availabe ‘Strategic plan is required for examining the position of the business 12. whereit igand where it wants to reach and how. Intacteal plans is required for achieving lang range goals by sale, developing a new product and marketing. ‘Operational planning is, required for managing day to {day business emoathlyBASIS FOR, COMPARISON Meaning Time Horizon Approach Modifications Performed by Scope Emphasis on STRATEGIC PLANNING The planning for achieving the vision of the organization is Strategic Planning. Long term planning Extroverted Generally, the plan lasts longer. Top level management Wide Planning of vision, mission and objectives. OPERATIONAL PLANNING Operational Planning is a process of deciding in advance of what is to be done to achieve the tactical objectives of business? Short term planning Introverted The plan changes every year. Middle level management ‘Narrow Planning the routine activities of the company.Strategic Plan A general guide for the management of the organization Suggests strategies to be employed in pursuit of the organization's goals Is a plan for the pursuit of the organization's mission in the longer term (3 — 5 years) Astrategic plan enables management to formulate an operational plan. ‘The strategic plan, once formulated, tends not to be significantly changed every year ‘The development of the strategic plan is a responsibility shared and involves different categories of stakeholders. Operational Plan A specific plan for the use of the organization's resources in pursuit of the strategic plan. Details specific activities and events to be undertaken to implement strategies Is a plan for the day-to-day management of the organization Cone year time frame) An operational plan should not be formulated without reference to a strategic plan Operational plans may differ from. year to year significantly ‘The operational plan is produced by the chief executive and staff of the organization.