I was wondering if anyone could elaborate on the difference between strategic planning and strategic projects for me, which has come up in a recent thread.
My understanding would have been of strategic projects as a means to achieve corporate goals.
I would have viewed strategic planning as something broader than any individual strategic project, providing a framework under which strategic projects can take place over the medium to long term, and if this is true, that strategic planning would be the higher value-adding activity? It may also be closely aligned to budgeting in my mind.
According to a recent thread, strategic planning was considered a low value-adding activity.