Strategic planning

Strategic planning is the process of gathering information about an organisation’s situation and making choices to create or change the organisation’s strategy.

The strategic planning process

Strategic planning can be viewed as a sequence of different steps:

The strategic planning cycle

Strategic planning is a cycle. Most organisations tend to renew their strategy every three to five years, but you may find it useful to repeat or review some of the steps in the interim, as things change. You will also be monitoring and evaluating your current strategy as you go along. So it can be useful to see strategic planning as a permanent fixture in an organisation's activities.

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Last updated at 17:54 Mon 12/Apr/10.

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How will this affect your organisation? Have you considered it during your strategic planning? Can you share any interesting relevant links?

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