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Strategic planning is a management technique that helps organizations set future goals and. objectives to achieve more stable and predictable growth. Strategic planning also identifies the. actions required to reach these goals. With another parlance, it is a methodology by which a.

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How to Strategic Plan in 7 Steps Step 1: Environmental Scan. ... Step 2: Internal Analysis. ... Step 3: Strategic Direction. ... Step 4: Develop Goals and Objectives. ... Step 5: Define Metrics, Set Timelines, and Track Progress. ... Step 6: Write and Publish a Strategic Plan. ... Step 7: Plan for Implementation and the Future.

Strategic planning is the process of creating specific business strategies that help to establish a direction for your organization. It helps set priorities, utilizes resources, boosts operations and ensures that all employees and stakeholders are working toward common objectives or targets.

5 steps of the strategic planning process Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan. Review and revise the plan.

Typically, a strategic plan will include your company's vision and mission statements, your long-term goals (as well as short-term, yearly objectives), and an action plan of the steps you're going to take to move in the right direction.

The four main plans are strategic, tactical, operational, and contingency.