43: Are Strategy and Strategic Planning the Same Thing

Welcome to the Business Strategy podcast with your host Steve Coughran. Today, we're delving into the question: Are Strategy and Strategic Planning the Same Thing? It's a topic that often gets conflated in the business world, leading to costly misunderstandings. Strategy, arguably one of the most misunderstood disciplines in business, is often mistakenly equated with planning. Many companies find themselves locked in fierce competition, scrambling for morsels of profit in crowded markets, a p...