A plan is not a strategy, and a strategy is not a plan. Plans are specific deliverables within an organization’s control, while strategy focuses on outcomes that cannot be fully controlled.
Good strategy answers three critical questions: where to play, who the customers are and what they want, and how to win. The desired outcome is also clearly defined.
Strategy involves making hard decisions with no guarantees, aiming for the best shot at a desired outcome. Plans are necessary to execute strategy but are not the strategy itself.
In a world of strategic planning, true strategizing gives organizations a competitive advantage by making tough choices and aligning departments effectively.