The Dimensions of Strategic Planning

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Increased competition and uncertain economic factors have contributed to the downfall of many businesses, with nearly 600,000 permanently closed within the past few years. One-way businesses can differentiate themselves from competitors and promote business growth is to have a clear strategic planning process. In addition, leaders must understand the dimensions of strategy. Some of our methodology is based on Moses …

Why Is Strategic Planning So Important?

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Strategic planning refers to the ongoing process of utilizing available knowledge to make decisions about a business’ future direction.  An annual strategic planning process allows organizations to identify their priorities, allocate resources, align their leaders and employees around their objectives, and ensure those objectives are supported by data and analysis.  Nevertheless, it is difficult for management to develop a company …