The strategic planning process essay
Strategic Planning Process Essay
Abstract
Strategic planning is one of the core functions of the management and involves defining the strategy of the business and making decisions in relation to the allocation of resources that ensure that the strategic goals are met. It also includes control mechanisms that are developed to guide the implementation of the strategy that is being adopted. Strategic planning is an important aspect that determines the success of the business both in the short-term and in the long-term. It is executed by strategists or planners who are senior individuals within the management. The success of the strategic planning processes ensures that resources are optimally used so that success and sustainability can be achieved.
Introduction
The aim of this paper is to assess each of the steps that are included in the strategic planning process. Gaining relevant knowledge of each of the steps can allow an individual to understand the activities that are conducted in each by the management.