Strategic Planning Process 1
Strategic Planning Process
Name
Institutional
Strategic Planning Process 2
Strategic planning is the process of recording and guiding a company by evaluating both
current and future goals. The strategic plan offers an organization, in addition to its long-term
objectives and action plans to achieve them, an opportunity to document its purpose, vision and
value. As management, board members, and employees are instructed to deal with challenges, a
well thought about strategic plan can propel a business performance within a very short period of
time. It helps to identify chances to improve performance. According to Jalal, & Murray, (2019)
it might, for example, reveal how to rearrange a firm so that it can reach its full potential. How it
responds to opportunities will be determined by a well-designed strategic strategy as well as
difficulties. The best way to respond to opportunities is with a well-developed strategic plan.
Conduct a SWOT Analysis
Both internal and external environments of the organization are critically analyzed. The
