Strategic Planning Definition

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Strategic Planning Definition What is Strategic Planning Strategic planning is the art of creating specific business strategies implementing them and evaluating the results of executing the plan in regard to a company s overall long term goals or desires

Strategic planning is an organization s process of defining its strategy or direction and making decisions on allocating its resources to attain strategic goals Furthermore it may also extend to control mechanisms for guiding the implementation of the strategy Strategic planning is a process used by organizations to identify their goals the strategies necessary to accomplish those goals and the internal performance management system used to monitor and evaluate progress Most organizations use a SWOT or gap analysis to identify the underlying factors driving their current performance

Strategic Planning Definition

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Strategic Planning Definition
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STRATEGIC PLANNING definition a process in which a company s executives decide what they want to achieve and the best actions and Learn more Strategic planning is defined as a pivotal organizational endeavor meticulously charting the mission goals and objectives over a strategic timeframe typically spanning 2 5 years Learn more about strategic planning importance model process and examples

Strategic planning is a process through which business leaders map out their vision for their organization s growth and how they re going to get there The strategic planning process informs your organization s decisions growth and goals Strategic planning is the ongoing organizational process of using available knowledge to document a business s intended direction This process is used to prioritize efforts effectively allocate resources align shareholders and employees on the organization s goals and ensure those goals are backed by data and sound reasoning

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Strategic Planning is a logical effort that envisions the desired future by producing various alternative actions and decisions to formulate an effective strategy that brings success to the organisation At its core strategic planning is the systematic process of defining an organization s direction making decisions on allocating resources to pursue this direction and guiding the implementation of plans to achieve strategic goals

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Strategic Planning Definition Steps And Benefits

https://corporatefinanceinstitute.com › resources › ...
What is Strategic Planning Strategic planning is the art of creating specific business strategies implementing them and evaluating the results of executing the plan in regard to a company s overall long term goals or desires

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Strategic Planning Wikipedia

https://en.wikipedia.org › wiki › Strategic_planning
Strategic planning is an organization s process of defining its strategy or direction and making decisions on allocating its resources to attain strategic goals Furthermore it may also extend to control mechanisms for guiding the implementation of the strategy


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Strategic Planning Definition - Strategic planning is defined as a pivotal organizational endeavor meticulously charting the mission goals and objectives over a strategic timeframe typically spanning 2 5 years Learn more about strategic planning importance model process and examples