My answer to What's the difference between strategy and planning?
Answer by Ken Larson:
They are intimately tied together as the below business guidance relates:
“EDWARD LOWE FOUNDATION”
“A long-range plan is a set of goals (usually five to ten) that outlines the path for the company's future. When the long-range plan is in place, a strategic plan should be developed to define the objectives and actions necessary to achieve the goals spelled out in the long-range plan. “