Traditionally strategic planning has been done annually. However, many companies are doing away with annual business plans altogether and moving to a system of continuous planning, to permit quicker response to changing conditions. Thus, the strategic plan involves adapting the organization to take advantage of opportunities in its constantly changing environment. The planning process is rational and amenable to the scientific approach to problem solving. It consists of a logical and orderly series of steps.
Strategic planning sets the stage for the rest of the organization's planning.
Conduct a situation or SWOT analysis by assessing strengths and weaknesses and identifying opportunities and threats. Monitor the plan. Define the mission . A mission is the purpose of the organization. It is why the organization exists.