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what is strategic planning strategic planning is an annual process organizations undergo to plan their near Mid and long-term strategies a robust strategic planning process arms the organization with clearly defined strategic objectives across all-time Horizons and prepares the organization for successful strategy development and execution strategic planning is a crucial process but often poorly executed leading to poor translation from strategy to execution in this video we hope you will not only understand the purpose and scope of strategic planning but also develop a firm grasp of how to effectively and efficiently execute and manage the full strategy process from planning to execution this video breaks the full planning to execution processes into three sections strategic planning strategy development and lastly strategy execution for each section we will highlight important Concepts core to the topic additional relevant resources for further understanding are included in the desc