Differentiate between ‘Objective’ and ‘Strategy’ as types of plan… - Vidyadip

Question

Differentiate between ‘Objective’ and ‘Strategy’ as types of plans.

✓

Answer

Difference between Objective and Strategy:

S. No.	Basis of Difference	Objective	Strategy
1.	Meaning	An objective is the end towards which all activities of the organisation are directed.	A strategy is a comprehensive planformulated to achieve an objective
2.	Main Element	An objective needs to be expressed in measurable terms and is to be achieved within a given time period.	The business environment needs to be taken into consideration whenever a strategy is formulated.

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