• Strategic Planning is a future oriented activity which tends to determine the organizational strategy and used to set priorities. Strategic Management implies a bundle of decisions or moves taken in relation to the formulation and execution of strategies to achieve organizational goals. The following are the main differences between strategic planning and strategic management • Strategic planning is a management by coming up with plans to be implemented in the near future. Strategic management is a management by results. • Strategic planning is an analytical process, while strategic management is an action-oriented process. • A future-oriented activity which ascertains the organizational strategy and used to set priorities, is called strategic planning. On the other hand, strategic management is decisions taken by the top managers in relation to the creation and implementation of strategies to achieve organizational goals. • Strategic planning focuses on making optimal strategic decisions, while strategic management is about producing results such as, new products or new technologies. • Strategic planning activity uses management by plans, whereas strategic management process uses management by results. • The strategic planning is analytical since it is characterized by thinking. On the other hand, strategic management is an action-oriented activity. • Strategic planning involves the identifying actions to be taken, while Strategic management involves identifying actions the organization should take, the individuals to perform those actions, the right time and way to perform those actions.