What is the difference between strategic and situational management?

Question

Accepted Answer

Strategic management focuses on long-term planning and achieving organizational goals, while situational management deals with adapting to immediate circumstances.

Strategic management involves setting objectives, formulating strategies, and making decisions to achieve long-term success.
Situational management involves responding to immediate challenges and adapting to changing circumstances.
Strategic management focuses on the big picture and aligning resources to achieve organizational goals.
Situational management requires flexibility and the ability to make quick decisions based on the current situation.
Strategic management involves analyzing market trends, competition, and long-term growth opportunities.
Situational management deals with handling unexpected events, crises, and short-term challenges.
An example of strategic management is developing a five-year business plan to expand into new markets.
An example of situational management is reallocating resources and adjusting production schedules due to a sudden increase in demand.

Accepted Answer

Strategic helps in carrying out of planning and situational and we should act wisely in any situation