Environmental
Analysis
Strategic planning begins with an analysis of the organization’s internal and external environment. This may include an analysis of industry trends, customer needs, competitor activities, and other factors that may impact the organization’s success.
Goal
Setting
Strategic planning involves setting specific, measurable goals that are aligned with the organization’s mission and vision.
Strategy
Development
Based on the environmental analysis and goal setting, strategic planning involves developing a plan of action to achieve the organization’s goals. This may include identifying new products or services, developing marketing strategies, expanding into new markets, or other activities.
Implementation
Planning
Once a strategy has been developed, strategic planning involves developing a plan to implement the strategy and achieve the organization’s goals. This may involve identifying resource requirements, developing timelines, and assigning responsibilities.
Performance
Monitoring
Strategic planning involves ongoing monitoring of the organization’s performance to ensure that it is on track to achieve its goals. This may involve tracking key performance indicators and adjusting the plan as needed.
