14. Strategic Planning

Strategic planning is a process organizations use to define their direction and priorities over a specific period. It involves setting clear goals and determining the actions needed to achieve them. By assessing strengths, weaknesses, opportunities, and threats, organizations can develop strategies that enhance performance and productivity. This structured approach helps align resources, improves decision-making, and ensures everyone is working towards common objectives. Ultimately, effective strategic planning leads to improved outcomes and helps organizations adapt to changes in their environment.