Strategic planning is done through three broad steps. First is collection, during which you get as much data as you can before you start drafting up the plan. That data can come from employees, competitors, stakeholders, and external experts. Next is mapping. This involves solidifying the business's vision, figuring out objectives, and creating an action plan. Finally, there's the reviewing stage. After you put your strategic plan into action, you should review it regularly to make sure it reflects the reality of your business and make changes as needed.