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Commonly Asked Questions about Strategic Planning

Effective strategic planning is a process that should be broken down into three separate, equally important components: strategic thinking, long-range planning, and operational planning.
The 5 steps of the strategic planning process Define your vision. Assess where you are. Determine your priorities and objectives. Define tactics and responsibilities. Manage, measure, and evaluate.
The 5 Cs are company, customers, competitors, collaborators, and climate.
The strategic decision-making process requires you to work through five stages: Define the problem. It is crucially important to determine whether this is the real root of the problem, or simply a symptom of another issue. Gather information. Develop options. Evaluate options. Choose and take action.
A 4-Step Process for Strategic Planning Step 1: Analysing the Environment. The first step in strategic planning involves analysing the external and internal environment in which your organisation operates. Step 2: Developing a Strategy. Step 3: Implementing Strategy. Step 4: Evaluating Strategies.
Strategic planning is necessary to determine the direction of your organisation. It focuses your efforts and ensures that everyone in the business is working towards a common goal. It also helps you: agree actions that will contribute to business growth.
Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan. Review and revise the plan.
Strategic planning process steps Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan. Review and revise the plan.