BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -What is strategic planning? Strategic planning is a long-term process (one plan can span five to ten years). It’s a continuous process that focuses on the overall organisational direction.

Detailed explanation-2: -Global strategic planning is the processes of examining a multinational organization’s internal and external environments to develop its strategic plan. By looking at the internal environment, the business is able to leverage its strengths and overcome its weaknesses.

Detailed explanation-3: -Strategic management concepts The process requires a commitment to strategic planning, a subset of business management that involves an organization’s ability to set both short-and long-term goals.

Detailed explanation-4: -Typically, a strategic plan will include your company’s vision and mission statements, your long-term goals (as well as short-term, yearly objectives), and an action plan of the steps you’re going to take to move in the right direction. Your strategic plan document should include: Your company’s vision.