What is the difference between management and strategic management?

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2026-04-13 13:26

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Management: "Getting work done through people." That's the classic business school definition of 'management.' Strategic Management: "Setting goals and objectives for an enterprise (a business or company in most cases)." Usually a small group of executives--or the owner--of a company or other enterprise sets down a mission statement consisting of goals and objectives that company seeks to attain and by which that company will be "managed." Individual "managers" direct employees in the company to coordinate the effort to attain the strategic goals agreed upon by the owners or board of directors.

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