Getting the terminology right: Just what is a āstrategic plan,ā anyway?
In a recent blog post, Cape Chamber of Commerce & Industry Executive Director Sid Peimer of South Africa asks just what a āstrategic planā is, pointing out that a strategy and a plan are two different things. Mr. Peimer contends that a strategy is what one needs in order to attain a goal, while a plan is the āhow.ā
He goes on to reflect on Desautels Professor Henry Mintzbergās concept of a strategy as a five-part entity, with the plan being just the first phase.
Itās not about the semantics, Mr. Peimer says, but rather about making sure that everyoneās on the same page in the name of making teamwork as seamless as possible.
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