Question

Which of these is often considered the first step in strategic planning?

Answer 1

According to me is that understanding the situation or fact or concept for which u r going to plan smthg

Answer 2

Thank you for asking. Let me help you with this question.
Well, the first step of strategic planning is to set a goal or making a vision statement. It gives an organisation a mental picture of what the organisation want to achieve. The importance of setting a vision statement is that, it gives a shared goal to both the leadership and the employees.Smart business owner use this statement to remind their employees why the organisation exists and how to make it more successful. The vision statement which is also called the mission statement helps in creating the environment of interest and commitment.
Hope it helps.