Strategic planning is defined as making explicit business systems to achieve desired objectives. It involves 6 key steps: 1) Regulating strategic position by understanding where the organization currently stands; 2) Defining the mission and objectives including business vision and future goals; 3) Conducting environmental scans to assess opportunities, threats and trends; 4) Formulating strategies using SWOT analysis; 5) Implementing strategies through resource allocation; and 6) Evaluating strategies and making adjustments. Strategic planning helps set realistic goals, assess performance, guide adjustments, and foster organizational development and success.

1. Strategic Planning for
Business Growth

2. Strategic
Business
Planning
It is defined as the craft of
making explicit business
systems of an organization to
achieve a desired objective.

3. Strategic
Planning
Process

4. Regulate position
strategically
Mission &
Objective
Environmental
Scan
Strategy
Formulation
Strategy
Implementation
Strategy
Evaluation
Strategic Planning Process

5. Regulate position strategically
This readiness stage makes way for
all work going ahead. You need to
know where you are to figure out
where you need to go and how you
will arrive.

6. Mission & Objective
The statement of purpose portrays
the organization’s business vision,
including the consistent qualities and
reason for the firm and forward-
looking visionary objectives that
guide the quest for future chances.

7. Environment Scan
It is the constant examination of
the climate inside and outside of a
business. It’s utilized to assess
expected freedoms, dangerous
market patterns, and illustrations
that can influence the
organizations.

8. Strategy Formulation
A company’s SWOT Analysis helps
identify its strength and weakness,
as well as opportunities and
threats.

9. Strategy Implementation
Developing a solid structure or
framework for implementing
the strategy involves
maximizing the utilization of
relevant resources.

10. Strategy Evaluation
It involves three crucial activities
reviewing the internal and external
factors affecting the
implementation of a strategy,
measuring performance, and
taking corrective steps to make
the strategy more effective.

11. Strategic Planning Process
takes time.

12. But is significant for all
kinds of business.

13. Significance
of Strategic
Planning
Helps set realistic goals and
objectives
Offers vital establishment to
assess prosperity, renumerate
its representatives and set up
limits for dynamic productivity
Guides the board for dynamic
adjustments and operational
productivity.

14. Significance
of Strategic
Planning
Helps administrators and
representatives show an
obligation to the association's
objectives
It makes authoritative
objectives and goals genuine.
It cultivates further
organizational development.

15. In the end, strategic planning involves
collaboration among administrators and workers.

16. It should be adjustable.

17. SUCCESS
Achieve