What are the steps involved in strategic planning?

Strategic planning is a process that helps organizations set their course, make informed decisions, and achieve their long-term objectives. It involves several key steps. The first step is to gather information and assess the internal and external environment of the organization, such as conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). The second step is to define the organization's mission, vision, and values, which provide a clear direction and purpose for the planning process. The third step is to identify specific strategic goals and objectives that align with the mission and vision. These goals should be measurable and attainable. The fourth step is to develop strategies and action plans to achieve these goals. This may involve identifying key initiatives, allocating resources, and setting timelines. The fifth step is to implement the strategies and continuously monitor progress and make adjustments as needed. Lastly, the sixth step is to evaluate the outcomes and results of the strategic plan, assess its effectiveness, and learn from any successes or failures to inform future planning efforts.

This mind map was published on 27 January 2024 and has been viewed 56 times.