Strategic Business Plan

  • Business strategic planning is a long-term process that helps a company define and share its direction, and set goals and objectives to achieve it: 
    Purpose

    Strategic planning helps a business manage risks, prioritize efforts, and allocate resources. It also ensures that the company’s goals are backed by data and sound reasoning.

    Process
    Strategic planning involves:

  • Defining the company’s vision for the future 

    • Creating a mission statement 
    • Identifying the company’s strategic position
    • Conducting a competitive assessment 
    • Developing goals and objectives
    • Defining metrics, setting timelines, and tracking progress
    • Writing and publishing a strategic plan 
    • Planning for implementation and the future 
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