Strategy, policy and operational planning

This paper stresses the importance of strategic management, policy and operational planning in organisations. Specifically, this paper-looks at: strategic management and strategic planning and how they are related to organisational planning; what strategy is, what are the different types of strategies, how to formulate, implement and evaluate the choice of an appropriate strategy for a particular, environment or situation; and where and how master strategies guide and control overall strategies; different types of policy and how policy guides the organisation to accomplish its objectives; operational planning and understand how operational plans help management.