Strategy
Strategic Planning
Plain English
Planning how to get where you want to go.
Definition
Strategic planning is the glossaryProcessA process is a defined sequence of steps used to achieve a specific outcome.Open glossary term of defining goals, priorities, and actions to achieve a desired future state.
In practice
Includes setting objectives, allocating resources, and defining timelines.
In context
The output that matters is not the document. It is the small number of decisions the exercise forced, which could have been recorded on a page.
The reality
Plans often become outdated quickly or are not followed in practice.
Compared with
Strategic Planning vs Strategy
glossaryStrategyStrategy is a high-level plan that defines long-term goals and the approach to achieving them.Open glossary term is the set of choices. Planning is the glossaryProcessA process is a defined sequence of steps used to achieve a specific outcome.Open glossary term that produces and schedules them. Organisations regularly complete the process and emerge without having made a choice.
FAQ
Common questions
A few practical answers to the questions that usually come up around this term.
What is strategic planning?
It is the glossaryProcessA process is a defined sequence of steps used to achieve a specific outcome.Open glossary term of defining goals and how to achieve them.
Why is strategic planning important?
It provides structure and direction.
What does strategic planning include?
Goals, priorities, and actions.
Why do plans fail?
They are not maintained or aligned with reality.
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