Strategic Management

Explain Strategic Planning Process

Explain Strategic Planning Process

Primary purpose of this article is to explain Strategic Planning Process. Strategic planning process is an organization’s process of denoting its strategy, or course, and making decisions about allocating its resources to pursue this tactic. It may also extend to regulate mechanisms for guiding the implementation in the strategy. All organizations must have a formal strategic planning process in effect in order that success is not unintentionally because resources will end up being wasted and duplicitous action may cause headaches. If your high level planning does not are the reason for key areas, the organization’s mission and vision is going to be harder to accomplish.