What is strategic planning process ?

Definition

Strategic planning is the process of systematically planning an organization's future. It is a formal, structured, iterative process that begins with understanding the organization's current environment and crystalizes the vision for the organization's future. It is essential for every organization in order to achieve its goals and remain competitive in the market. Strategic planning is a way to keep your organization on track and moving towards your vision. It is an ongoing process that requires discipline and commitment from everyone. To be effective, strategic planning needs to be an inclusive process that integrates the efforts and ideas of everyone involved. With the help of a process framework and planning tools, your team can better understand the challenges they are facing and create a road map towards success.