The document discusses strategic planning and operational planning. It begins by introducing a group of people and their goals related to learning about planning. It then provides definitions and explanations of planning, strategic planning, and operational planning. Strategic planning involves long-term goal setting by top management, while operational planning focuses on short-term daily activities and involves mid-level management. The document outlines seven key differences between strategic and operational planning, such as time period, goal, and budget. It also presents the typical steps in a strategic planning process, including determining strategic position, developing a plan, prioritizing objectives, executing the plan, and reviewing/revising the plan.