Strategic Planning Process

Explain the basic steps in the planning process

The steps included in designing a strategic plan are portrayed underneath. Although the process may appear rational and systematic, it is regularly iterative and evolves considerably over time. Furthermore, it is subject to political pressure and will be changed likewise. Some key planning efforts may not include all the steps depicted. The components and process depicted in the following segment must be altered depending on the context.

In a strategic planning process, the first step is to address the aspects relating to current organizational situation and the factors required for the success of the next steps. This includes the examination of the project's history and evolving contexts (both external and internal). Responses to the organizational priorities include attention to strengths and shortcomings and determine how to benefit from strengths (Sinofsky & Iansiti, 2010).

The next phase in the process...
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