Business Strategy and Finance

43: Are Strategy and Strategic Planning the Same Thing

Steve Coughran Season 1 Episode 43

Send us a text

Are strategy and strategic planning the same? Many think so, but they're not. Planning focuses on allocating resources and outlining activities, while strategy is about making bold, tough choices to position a company for success. Too often, leaders confuse budgets with strategy, missing the chance to differentiate. Just look at Blockbuster versus Netflix—one planned, the other strategized. To win, companies must prioritize strategy over routine planning.


Disclaimer:
The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information. 

Support the show

People on this episode