Strategic management deals with the determination of the mission, vision, goals,
objectives, values, roles and responsibilities of the organization. It helps
the organization to determine the strategic goals which a company wants to
attain in future.
On the other hand, strategic planning is the management tool
and it is the process in which the organization focuses it's energy to attain
those goals. In the strategic planning the organization plan that how the
members will attain the organization's goals for example what the organization
will do and how to do. Therefore, strategic planning and strategic management
are closely related.
