Question

importance of strategic planning and it's components in business environment ?​

Answer 1

Answer:

Strategic planning is a collection of business management activities used to articulate the direction of an organization. An effective strategic plan outlines what needs to be done and how to know if the action taken were successful. It is a systematic attempt designed to produce fundamental decisions and steps that guide and shape what a company does, why it does it, and who it serves. Strategic planning streamlines business goals and steers them towards a company’s direction in response to a changing environment.