Why Make Strategic Planning?

 WHY MAKE STRATEGIC PLANNING?


Because Strategic Planning provides a real framework for both the leaders and the members of the organization to understand and evaluate the situation of the organization. This helps to align the team so that they use a common language based on the same information, which will help to emerge profitable and valuable alternatives for the organization. The strategic plan of an organization establishes the work of each member, which guarantees that the actions of each one are directed towards the fulfillment of future goals. (Also know the common mistakes in the Strategic Planning of an organization)







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Strategic Planning Process

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The strategic planning process is essentially a list of steps that managers should follow to complete and implement a strategy within a company. There are several key components that make up the strategic planning process, including common phases like strategic analysis and strategy formulation, along with implementation and monitoring. Although the strategic planning process requires great patience and can be a challenging undertaking, most businesses can agree that the process can yield highly rewarding results. Here is a closer look at the individual stages of the strategic planning process and how they affect your business.  1. Identify Your Strategic Position The first stage prepares you for the rest of the strategic planning process. To achieve your goals, you must first have a clear vision. Start by defining both your short-term and long-term objectives. In short, what do you hope to achieve? Next, determine what steps you will take to accomplish these objectives. When ident...
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References

 BIBLIOGRAPHY https://corporatefinanceinstitute.com/resources/knowledge/strategy/strategic-planning/ https://www.bbgbroker.com/strategic-planning-process-6-steps/ https://gestion.pensemos.com/que-es-la-planeacion-estrategica-y-para-que-sirve https://balancedscorecard.org/strategic-planning-basics/ https://en.wikipedia.org/wiki/Strategic_planning
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