What are the key components of a strategic plan?

A strategic plan is a comprehensive document that outlines an organization's overall goals and objectives. The key components of a strategic plan include a mission statement, vision statement, core values, SWOT analysis, goals and objectives, strategies, action plans, and key performance indicators (KPIs). The mission statement states the organization's purpose and reason for existence, while the vision statement outlines the desired future state. The core values guide the organization's culture and decision-making processes. The SWOT analysis assesses the strengths, weaknesses, opportunities, and threats facing the organization. Goals and objectives detail what the organization wants to achieve and by when. Strategies outline how goals and objectives will be met, while action plans provide the specific steps necessary to execute the strategies. KPIs measure progress towards goals and objectives.

This mind map was published on 18 May 2023 and has been viewed 108 times.