Strategic planning can be distinguished from operational planning by all of the following except:
A. Horizon: Strategic planning is for 3-5 years, whereas operational planning is for the next year
B. Participants: Strategic planning is done by the governing body and executive management, whereas operational planning is done by department directors
C. Objectives: Strategic planning has objectives common to the entire organization, whereas operational planning has objectives of the department
D. Focus: Strategic planning focuses on the organization’s mission, whereas operational planning focuses on the organization’s vision.
Correct answer is D.
Source: Reading packet for Finance Week, Chapter 12, page 210.