Final answer:
Strategic management involves long-term planning and decision-making, while day-to-day management focuses on the daily operations and execution of plans.
Step-by-step explanation:
The strategic management process and day-to-day management of an organization are two distinct aspects of managing an organization.
Strategic Management Process:
- The strategic management process involves long-term planning and decision-making.
- It focuses on setting goals, formulating strategies, and allocating resources to achieve those goals.
- It involves analyzing the external environment, identifying opportunities and threats, and developing strategies to gain a competitive advantage in the market.
- Strategic management is typically carried out by top-level executives and is essential for the long-term success and growth of the organization.
Day-to-Day Management:
- Day-to-day management, also known as operational management, involves the daily activities and tasks necessary to run the organization.
- It focuses on executing the plans and strategies developed through the strategic management process.
- It involves activities such as staffing, organizing, directing, and controlling the daily operations of the organization.
- Day-to-day management is usually carried out by middle-level and lower-level managers who ensure that work is completed efficiently and effectively.
In summary, strategic management is concerned with long-term planning and decision-making, while day-to-day management focuses on the daily operations and execution of plans.