Strategic planning

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lnffrezf

Business Finance

Strategic management and competitive strategy in hospitality

Virginia Tech University Falls Church

Description

what is strategic planning ? What is strategic thinking?and the difference between them?

what is the business plan and what it does and what its important to ?

what is SWAT theory ? and choose a restaurant in DC and write its SWAT analysis ?

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Explanation & Answer

Attached.

Running head: STRATEGIC PLANNING

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Strategic planning
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STRATEGIC PLANNING

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Strategic planning

Strategic planning refers to the organizational process through which companies define
the direction and strategies that will apply in the decision making processes. Strategic planning
also enables organizations to allocate resources in a way that will enable the company to meet its
goals and objectives (Hunger & Wheelen, 2017). Strategic planning enables companies to have
the best methods of managing their activities as a way of achieving the performance goals sent
through the performance of various business operations. Strategic planning revolves around
setting goals, determining of the best steps to achieve the goals and mobilizing of resources that
will enhance execution of actions.
Strategic thinking is d...


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