Definition:Strategic planning is the process of defining the key directional elements of an organization. It is the general map given by the executives that allows the entire organization to maintain the right path in their daily decisions.
The strategic planning process requires considerable thought and planning on the part of a company’s upper-level management. Before settling on a plan of action and then determining how to strategically implement it, executives may consider many possible options. In the end, a company’s managemen...
Learn about the strategic planning process in business, what it is and what it is not. Discover examples of goals, strategies, and tactics in a...
Definition: Strategic Planning can be understood as a systematic long-range planning activity, that an organization uses to fix priorities, strengthen operations, ascertain objectives and focus on the resources required and are to be allocated in order to pursue the strategy and attain the objectives....
Strategic planning is forward looking. It differs from traditional business planning, which typically focuses on short-term, tactical goals, such as how a budget is divided up. The time covered by abusiness plancan range from several months to several years. ...
Strategic human resource planning is the perpetual process of optimizing an organization's available resources. See the importance of forecasting...
Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two. Characteristics/Features of Strategic Decisions ...
The Definition of Strategic Planning: A White PaperJoe Evans
” This concise course is tailored to illuminate how businesses achieve long-term goals and competitive advantage. Participants will explore foundational theories and contemporary practices that underpin strategic planning and implementation. The course delves into essential elements such as SWOT analysis, ...
Understanding Strategic Gap Analysis A strategic gap analysis is one method that is used to help a company or any other organization determine whether it is getting the best return from its resources. It identifies the gap between the status quo and the best possible result. ...