Strategic Planning Process – An Introduction

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

In the modern business competition, having a strategic plan is vital. A strategic plan includes having a mission statement that describes the vision of the company. With the guidance if the vision the company states its objectives as part of strategic planning process.

The other important component of a strategic plan is an environmental scan, which reveals potential threats of the company as well as strengths. Strategic formulation is another important part of planning strategically which seeks to enable the company to attain much needed profits and to be superior to its competitors.

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

The other part of strategic planning is strategy implementation, which involves using the company resources to ensure that its objectives are achieved. It is very important that a strategy be implemented properly otherwise, it may fail. The last part of strategic planning is evaluation since for a plan to be successful it has to be monitored. This process must be followed for a strategic plan to be effective.

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process

Strategic Planning Process