zaro

What is the difference between strategic and strategy?

Published in Strategic Planning 2 mins read

The core difference lies in their roles: strategy is the plan, while strategic describes actions or processes that help achieve that plan.

To better understand the distinction, consider this breakdown:

Strategy vs. Strategic: A Detailed Comparison

Here's a table illustrating the key differences:

Feature Strategy Strategic
Definition A comprehensive plan of action. Related to or involved in long-term planning; helping to achieve a plan.
Function Sets the overall direction and goals. Describes actions, decisions, or considerations that support the strategy.
Nature Noun Adjective
Example "Our strategy is to expand into new markets." "A strategic alliance helped us enter the market."

Deeper Dive with Examples

Let's illustrate the difference with more examples:

  • Strategy Example: A company's strategy might be to become the market leader in sustainable energy solutions.

  • Strategic Example: Forming a partnership with a leading battery technology company would be a strategic move to support their sustainability strategy. This word lays down the actions/process needed to achieve a plan as per dictionaries.

Practical Insights

Thinking about the difference can help you:

  • Clearly define your overall goals (strategy).
  • Make informed decisions about how to achieve those goals (strategic actions).
  • Avoid confusing the plan with the actions designed to execute it.

Summary

  • Strategy, as defined by both Oxford and Cambridge dictionaries, is “A plan of action designed to achieve a long-term or overall aim”.

  • Strategic means “helping to achieve a plan” as per dictionaries.