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What is strategic planning in retail bussiness?

please explain.

Retail Math Expertise in strategic planning Design Strategy Strategic Planning Strategy Development
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Question added by Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.
Date Posted: 2014/04/08
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Saiful Islam Hiron
by Saiful Islam Hiron , Site HR Manager , Handicap International

1. Cash sale.

2. No credit or little credit

3. Convenient location or closest to the customers.

4. Minimum cost for communication.

Muhammad Sherif
by Muhammad Sherif , Founder, Managing Director & Sr. Lead Business Consultant , New Directions Consulting, Training & Services

strategic planning is the same in all industries which includes:

1- environmental scanning

2-strategy formulation

3- strategy implementation

4- monitor and control

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