Is there any meaningful difference between corporate plan and strategic plan?

Yes, but there is some overlap. A strategic plan could be for a corporation, or for a business.

A corporate (strategic) plan would be a strategy or plan at the corporate level, which might include buying or selling off businesses.

A business-level strategic plan is going to be less focused on choosing what market to compete in, which is a corporate-level issue, and more concerned with how to beat the competition in the market the business is in.

Thank you Clyde Hull.

Oftentimes the two are used interchangeably. A corporate plan typically includes strategic planning content, but also tactical or operational plans and budgets. A strategic plan is therefore a sub-set of corporate planning.

Of course! It is necessary to think about the scope of an interesting thing. The Corporate plans area generally to the corporation. And a strategic plan is linked to the corporation or to a specific business, to a business unit or department, in this case not yet a tactical or an operational plan, but a significant sintetical plan to the department.

Hi Marco,

As I know, Mintzberg has categorized strategy into some levels. Absolutely, there are some differences among them!

Corporate plan may be short term or long term to achieve future goals in business. Stratigic plan may be the bigger or important ones like the following:

1. Aquire a rival business to reduce compition.

2. Aquire raw material sources like mines for raw material security.

3. Open a new production unit near the assured market.

4. To dispose off non-performing units.

5. Forward or backward intigeration in production units.

and so on . . .

Corporate planning comes first followed by strategic planning. corporate planning gives cognizance to existing Divisions and SBU's status of presence. the decision related, which division or SBU is to continue with, to provide additional resources, to prune down or any new addition of SBU. After this decision, strategic planning is done owing to existing scenario of business environment preferably external environment. suitable fit between SBU and external environment is thought off for certain period of time; providing adequate resources to achieve set goals known as strategic alternative or option. decided strategy is implemented and controlled. Strategic planning is done at all levels i.e. divisional level, SBU level and at the level of functional area.

Corporate planning is futuristic attainment in the organisation which comprises of both long term and short term targets. Strategy planning is the immediate objective that will grow the organisation