Differentiate between planning and strategy.

Answer»

Basis of comparison	Planning	Strategy
Meaning	Planning is thinking in advance, for ,the actions which are going to take place in the future.	A plan of action designed to achieve a pre decided long term or overall aim is called a strategy.
What is it?	Planning is a road map for accomplishing any task.	Strategy is the path chosen for achieving the objectives set under planning
Basis	It is based on assumptions	It is based on practical considerations
Term	Term depends upon the circumstances	Long term

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