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Develop a strategic plan. Review and revise the plan. Strategic planning is a process by which an organization develops a long-term vision and a plan to implement it. Determine your strategic position. Every business should have a strategic plan—but the number of businesses that try to operate without a defined plan … We define strategic planning as the process of developing and maintaining a strategic fit between the organizations’ goals and capabilities and its changing marketing opportunities.1. Importance of Strategic Planning. Prioritize your objectives. Execute and manage your plan. Strategic planning forms the basis of other planning … Strategic Planning Process Steps. These issues can be problems, opportunities, market shifts or anything else that is keeping you … Strategic issues are critical unknowns that are driving you to embark on a strategic planning process now. The strategic planning process helps prioritize their objectives and effectively make use of the available resources to move from the current state to the desired state of things, or in other words accomplish their goals.

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