Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview

Corporate strategy vs strategic planning

Hello,

could anyone explain what is the difference between corporate strategy and strategic planning? Is it the same right? 

2
5.2k
38
Be the first to answer!
Nobody has responded to this question yet.
Top answer
on Mar 03, 2019
Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews

As Vlad said - strategic planning has nothing strategic about it. You will mostly track results & report on them, creating pretty slides and building pretty decks to tell execs what happened. In other words, you are an expensive paper pusher and add nothing to the company. Be prepared to work evenings and week-ends also if there's a big presentation coming. Only upside basically is you will have high level visibility, which you can parlay into fast-ish career trajectory.

Corporate Strategy on the other hand, will typically have you work on high visibility projects with a significant potential impact on the company. Work isn't nearly as interesting as MBB work (usually), but definitely beats corporate planning from a variety and learning perspective. Career is steeper, work is more interesting, you see the impact of your work... I think it should be clear which one I am leaning towards :)

Vlad
Coach
on Mar 03, 2019
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

Don't rely on buzzwords. It has almost nothing in common with corporate strategy. Strategic planning is more about disaggregating the big goals to the more granular KPIs and metrics and ensuring their completion. Usually, it's a very boring role.

Best

Similar Questions
Consulting
Expected Salary for Corporate Strategy role - Senior Associate in Dubai (UAE)
on Nov 12, 2024
Global
6
3.4k
Top answer by
Pedro
Coach
Bain | EY-Parthenon | Former Principal | 1.5h session | 30% discount 1st session
77
6 Answers
3.4k Views
+3
Consulting
Corporate Strategy Analyst at Agoda how best to prepare
on Jan 14, 2025
Global
6
1.3k
Top answer by
Mattijs
Coach
Free 15m intro call | First session -50% | Bain| Hiring team | 250+ successful candidates
15
6 Answers
1.3k Views
+3
Consulting
Just did the Mckinsey Solve Game (January 2025) - got some questions/insights
1 hr ago
Global
5
3.1k
Top answer by
Hagen
Coach
#1 recommended coach | >95% success rate | 8+ years consulting, 8+ years coaching and 7+ years interviewing experience
35
5 Answers
3.1k Views
+2
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
Thanks for your feedback! Your opinion helps us make PrepLounge even better.