Distinguish between Strategic Planning and Operational Planning.

Strategic planning Operational planning Strategic planning shapes the organisation and its resources. Operational planning deals with current deployment of resources. Strategic planning assesses the impact of environmental variables. Operational planning develops tactics rather than strategy. Strategic planning takes a holistic view of the organisation. Operational planning projects current operations into the future. Strategic planning develops overall objectives and strategies. Operational planning makes modifications to the business functions but not fundamental changes. Strategic planning is concerned with the long-term success of the organisation. Operational planning is concerned with the short-term success of the organisation. Strategic planning is a senior management responsibility. Operational planning is the responsibility of functional managers.