Strategic management involves the preparation and carrying out of the major goals, and focused on establishing the end goal in mind. According to David, [1] strategic planning is sometimes confused with strategy formulation, because strategic plan is constructed in this stage. Strategic Management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organization. Pencheon, D., Gray, M. and Melzer, D. A typical strategic management … To help carry out these major goals strategic management comprises important key facts; goal-setting, analysis, strategy formation, and monitoring. Strategic management is not a simple process; it is complex. Policy helps the lower management to deal with a routine type of problem without requiring any interference from the top management. The principles and values identified within policy directs both the context and content of strategic development and where these are not aligned, the development and outcomes of strategic operations can become unsustainable. Strategy vs Policy . Policy and strategy are different in many ways. Strategic management, a more active process, enables strategic plans to evolve and grow as the environment changes. It is the continual analysis, planning, and monitoring required to successfully meet goals and objectives. Its complexity may be attributed mainly to 3 reasons: Strategic management involves making decisions about the future. Law and policy are among the most effective tools to improve health. The difference is that the latter one is more used in the business world while the former is used in the academic environment. The success of a business is strongly linked to how the management of the company perceives the goals to be achieved and the ways devised to achieve those goals. Advancing Public Health Through Law and Policy. Question: How Is Strategic Management Different From Health Policy? There are two different but interrelated concepts of strategy and policy that are very confusing for outsiders to … An organization is said to have competitive advantage if its profitability is higher than the average profitability for all companies in its industry. Strategic management is the process through which managers undertake efforts to ensure long-term adaptation of their organization to its environment. Strategic plans or official strategies can often supersede policy as the most important formal goal or outline of an organization. Policies are generally framed by top management, whereas strategies are usually framed by middle management. References. See the answer. Strategic goals are those overarching end results that the organization pursues to accomplish its mission. Oxford handbook of public health practice. 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