Strategic planning involves defining a mission, establishing goals and objectives, and creating strategies to attain those goals and objectives.
It's often something you will revisit throughout the year to make sure you're on track and this cycle will repeat annually. You can represent the strategic planning model visually:
A strategy is a long-term plan of action designed to achieve a particular goal, as differentiated from a tactic or immediate action to be pursued with resources on hand.
The development of a strategic plan requires detailed information gathering and analysis, and must be developed to match the desires of the leadership team responsible for the plan with the realities of the current situation both internal and external to the organization.
These realities are often represented in a SWOT diagram.
See SWOT diagram examples included with SmartDraw.
Once the plan is completed, you'll implement the plan, and periodically evaluate the results.
SmartDraw is the easiest way to create strategic planning diagrams and charts.
