BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.

Detailed explanation-2: -Strategic planning is an ongoing process by which an organization sets its forward course by bringing all of its stakeholders together to examine current realities and define its vision for the future. It examines its strengths, weaknesses, and strengths, resources available, and opportunities.

Detailed explanation-3: -The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.

Detailed explanation-4: -Strategic thinking helps you consider the long-term value and consequences of taking a particular approach. Strategic planning is about defining how you will implement your vision. It is useful for detailing the steps needed to solve a problem, improve a process, or deliver something new.