Strategic planning involves keeping the goal at the start and backtracking to the estimated present status and then analyzing the gaps between the estimated status and the real status to change it for the better. It involves creating an action plan to achieve desired results with a wider perspective and flexible choices.
Clearly defining objective cum realistic goals and communicating the same to the various stakeholders.
Analyzing and utilizing an organization’s resources judiciously.
Creating a baseline for defining future progress and developing a sense of ownership of the targeted growth.
From the inception of the company to the start of a new project or just a regular review, strategic planning is vital at every step to map the overall advancement of a company. Hence these days the contemporary industries are placing a lot of significance on this cumulative service to achieve their overall business goals.