BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Strategic planning generates the blueprint of what an organization intends to accomplish. It consists of the organization’s dreams, aspirations, interests, expectations, philosophies, as well as, leadership and management styles and ethical practices.

Detailed explanation-2: -Strategic planning is a process that outlines the direction of an organization. It identifies how an organization will allocate their resources to achieve a desired future state while positioning itself to be competitive within the industry.

Detailed explanation-3: -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-4: -Solution(By Examveda Team) Strategic planning is long term planning. Strategic planning is based on establishing a long-term plan to achieve a specified mission, through the attainment of broad-ranging objectives.

Detailed explanation-5: -Effective strategic planning is a process that should be broken down into three separate, equally important components: strategic thinking, long-range planning, and operational planning.