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The Strategic Planning process is undertaken for the purpose of developing a concrete plan that would lead an organization towards accomplishing its long-term goals and objectives. The planning process is executed by the senior members, who sit together and analyze different situations affecting the state and affairs of business. In this process, they have a look at the current scenario of the organization, its internal and external environment; prepare suitable strategies and objectives according to their situation assessment as well as develop procedures to execute and weigh up the strategic plan. Ideally, strategic planning is done for a three to five year timeline; however it is also done for a shorter period, when the organization or its environment is dynamic. Typically, there are five stages in strategic planning: analysis of the current state, defining the future state, determining goals and objectives, implementation and evaluation.
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It all depending upon the nature of planning however, commonly we follow following stages:
Plan to Plan.
create a schedule and comply with it .
Gather and Analyze Data.
Identify Problems and Concerns .
Update the schedule and the plan depending on the information you collected.
Evaluate Plan Options.
Develop Plan Goals and Objectives.
Select and Develop the Plan suit most
Set an Implementation Schedule.
Monitor for Results and Impact.
Stage 1: Information gathering
Stage 2: Issues Paper
Stage 3: Draft Plan
Stage 4: Independent Examination
Stage 5: The Adopted Plan
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to prepare a plan equal study more reflection