What are the Key Components of Strategic Planning?
There are several key components in strategic planning, including:
Vision Statement: A clear and compelling vision that outlines the long-term aspirations of the organization. Mission Statement: A concise statement that defines the organization’s purpose and primary objectives. SWOT Analysis: An examination of the organization’s Strengths, Weaknesses, Opportunities, and Threats. Goals and Objectives: Specific, measurable, achievable, relevant, and time-bound (SMART) goals that support the vision and mission. Action Plans: Detailed plans outlining the steps needed to achieve the set goals and objectives.