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strategic planning is like a roadmap to achieve business goals [Music] strategic planning is a process where an organizations leaders define their mission statement and vision for the future it includes establishing the sequence in which certain goals should be realized in order to docHub that vision strategic planning typically represents long-term goals spanning three to five years or even longer here well explore the five main phases of strategic planning to develop your own strategic plan click the link above or in the description for free templates and examples to follow and be sure to subscribe to iontech for the latest tech videos theres a variety of ways to approach and execute strategic planning but most cycles follow these five steps identify first determine your businesss current position this can be done through the use of needs assessment or swot analysis to understand the state of the business and the path ahead prioritize next set objectives and initiatives that will