[vc_row css=”.vc_custom_1451337803412{margin-top: 20px !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/3″][vc_text_separator title=”What is a Strategic Planning?”][vc_single_image image=”5121″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/3″][vc_column_text]Strategic Planning is a comprehensive process for determining what a business should become and how it can best achieve that goal. It appraises the full potential of a business and explicitly links the business’s objectives to the actions and resources required to achieve them. Strategic Planning offers a systematic process to ask and answer the most critical questions confronting a management team—especially large, irrevocable resource commitment decisions.[/vc_column_text][vc_text_separator title=”How Strategic Planning works:” el_class=”heading”][vc_column_text]A successful Strategic Planning process should:

  • Describe the organization’s mission, vision and fundamental values
  • Target potential business arenas and explore each market for emerging threats and opportunities
  • Understand the current and future priorities of targeted customer segments
  • Analyze the company’s strengths and weaknesses relative to competitors and determine which elements of the value chain the company should make versus buy
  • Identify and evaluate alternative strategies
  • Develop an advantageous business model that will profitably differentiate the company from its competitors
  • Define stakeholder expectations and establish clear and compelling objectives for the business
  • Prepare programs, policies, and plans to implement the strategy
  • Establish supportive organizational structures, decision processes, information and control systems, and hiring and training systems
  • Allocate resources to develop critical capabilities
  • Plan for and respond to contingencies or environmental changes
  • Monitor performance

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