Question
Differentiate between planning and strategy.
| Basis of comparison | Planning | Strategy |
| Meaning | Planning is thinking in advance, for ,the actions which are going to take place in the future. | A plan of action designed to achieve a pre decided long term or overall aim is called a strategy. |
| What is it? | Planning is a road map for accomplishing any task. | Strategy is the path chosen for achieving the objectives set under planning |
| Basis | It is based on assumptions | It is based on practical considerations |
| Term | Term depends upon the circumstances | Long term |
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