Strategic Planning and Long Range Planning cri notes



Posted on 03-04-2016        By ADMIN



Strategic Planning and Long -Range Planning :cs final cri notes

Ingeneral, the two terms strategic planning and long range planning are used

interchangeaby.However, there is a difference between the two.

Longrange planning means the development of a plan for accomplishing a goal or setof goals over a period of several years, with the assumption that currentknowledge about future conditions is sufficiently reliable to ensure the plan’sreliablity over hte duration of its implementation.

Whereasstrategic planning means the development of a plan for accomplishing a goal or setof goals over a period of several years, with the assumption that theorganization will have to respond according to the changing requirements of thebusiness environment.

Thus,long range planning based on static business environment whereas strategic planningis the planning based on dynamic business environment.



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