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strategic planning the organizational process of defining its activities as well as an organizational management activity used to set priorities,emphasize energy and resources, strengthen operations, ensure that employees and other stakeholders are working towards common goals, establish agreement around intended outcomes and results, as well as assess and adjust the organization's direction in response to a changing environment.
strategic planning is very important as it states vision, mission and outside-of-the-box thinking by the companies and organizations. it describes where the company wants to go and how the company will get there. Strategic planning provides means of survival by the organizations. Good strategic planning will balance the revenue and productivity initiatives, companies without a well stipulated business plan will always fail.
kindly i am sending the components in a short while
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components of strategic plan
they include mission statement
long term strategic objectives
long term and short term goals
the most important component is the mission statement because it is an overarching, timeless expression of the purpose and aspiration of the organization, addressing both what the organization seek to accomplish and the manner in which the organization seeks to accomplish it. It’s a declaration of why you exist as an organization.
but please this was a question of more than a dollar
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