What are the steps that are involved in strategic planning?

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What are the steps that are involved in strategic planning?

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  • 03 Dec, 2018

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Following are the steps involved in strategic planning:

·        Mission and goals

·        Analysis of the environment

·        Corporate analysis

·        Recognition of substitutes

·        Strategic decision making

·        Reviewing and controlling the implementations

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The steps of strategic planning are outlined below:

·        Determining the strategic intentions

·        Defining the missions of the organization

·        Examining the environment

·        Formulating strategies

·        Implementing strategies

·        Monitoring the outcomes

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