In Australia, the five stages of strategic planning are as follows: Analysis of Internal Environment: In this stage, an organisation analyses its internal environment, which includes assessing its strengths, weaknesses, resources, and capabilities. This helps the organisation identify areas where it has a competitive advantage and areas where it needs improvement. Analysis of External Environment: An organisation also analyses its external environment, which includes assessing market conditions, competition, regulatory environment, and other external factors that can impact the business. This helps the organisation identify market opportunities and potential threats. Setting Strategic Objectives: Based on the analysis of the internal and external environment, an organisation sets its strategic objectives. This involves defining the goals and targets that the organisation wants to achieve in the short and long term. Developing Strategies: Once the strategic objectives are defined, an organisation develops strategies to achieve them. This involves identifying a range of options and selecting the most appropriate strategies to achieve the objectives. Implementation and Review: The final stage involves implementing the strategies and monitoring their effectiveness. This involves setting up systems to measure progress against objectives, regularly reviewing the performance, and making adjustments as needed. Overall, these five stages allow organisations to develop a comprehensive strategic plan that aligns with their objectives and helps them achieve success.