What is the difference between strategic planning and operational planning?
A) Strategic plans are for one year or less and have very specific objectives, while operational plans are more vague and long-term.
B) Strategic planning covers the short-term day-to-day workings of a business, while operational planning sets out long-term goals.
C) Strategic planning sets out strategies for the business to achieve long-term growth and other goals, while operational planning covers the day-to-day operations of the business.
D) Strategic planning is reserved for middle management in large companies.

Question

Quizplus · Accepted Answer

Strategic planning sets out the overall direction and objectives for the business to achieve long-term growth and other goals, while operational planning covers the day-to-day operations of the business to achieve those objectives. Strategic planning is typically done for a longer time horizon (1-5 years) compared to operational planning which covers the shorter term (usually the next fiscal year).

What Is the Difference Between Strategic Planning and Operational Planning