Strategic analysis is involved with analyzing the industry in which the organization is operating its business and analysis of both the external and internal environmental factors. Both strategic management and strategic planning terms mean the same! The difference is that the latter one is more used in the business world while the former is used in the academic environment. According to David,  strategic planning is sometimes confused with strategy formulation, because strategic plan is constructed in this stage. The term 'strategic management' is used to denote a branch of management that is concerned with the development of strategic vision, setting out objectives, formulating and implementing strategies and introducing corrective measures for the deviations (if any) to reach the organization's strategic intent Strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage. The Strategic Management Journal seeks to publish the highest quality research with questions, evidence and conclusions that are relevant to strategic management and engaging to strategic management scholars.
It involves 7 steps. Organizational Mission & Objectives: They have some specific mission towards which all ... The management literature is full of valuable strategic planning methodologies for information technology (IT).1 Nonetheless, a survey of eighty organizations found that IT planners were not satisfied with their methodologies, that planning required too many resources, that top management commitment was not easily obtained, and that only 24 percent of the projects recommended in a plan were ... The MSc Strategic Management has been designed for high potential students who want to have a strategic impact in the organization they will work for.