Definition: [strəˈtiː.dʒɪk ˈplænɪŋ] is a systematic process of picturing the future and stating specific goals to create a step by step instructions how to achieve the desired success. It is contrasting with long-term planning, which begins with present status and moves to the future needs. The strategic planning, indeed, starts with the future aim and works rearwards to the present status. It is also contrasting with tactical planning and has the wider vision of future.
Strategic Planning In a Sentence:
- Having perfect strategic planning allows the company to have more reliable relationships and constant progress.
- To be competitive in the business market, you need to have strong strategic planning.
Synonyms and related words: future planning, systematic planning, planned strategy.