What is the purpose of strategic planning in Business?

[Diamond07]

The purpose of strategic planning in business is to your goals and work your way around to achieve them. This can be very helpful to business because it makes you keep track of your actions

 

[LaylaG]

this will help you to know how you organise your business and how you put certain things in place because strategic planning in business is the main things that can help the business grow if the planner is willing to take full responsibility of everything that will make the business succeed and you must also work with people that are willing to support you all the time.

 

[Richard92]

Strategic plan is very good for every business because that is what you use as a business owner to gain your space in the market, the market has so many competitors in the market, and in other for you to gain a space in the market you must plan strategically.

 

[Seyesystem]

When it comes to business that involve strategic planning it not just any how business that do strategic planning. Strategic planning involves a deep thinking on how to set goals and ambition of the overall organisation. Strategic planning is meant for the top executives in an organisation. They set a process of achieving the organisation goals. In the process of doing strategic planning an organisation may pay some intelligent people that are highly exposed in teams of the knowledge and experience of the business which they will come out with how the organisation can achieve it goal and with new ideas.

 

[Chizfab]

It means a whole lot, it's like a hunter planning out strategies to catch his game. He doesn't just stick to his shooting skills, he sorts for other strategies like setting up traps, smokes to chase out the animals from their hiding place and Even go as far as mastering their routine activities.

 

[Chief]

Strategies Planning is a first and most important and imperative thing to make in terms of business if you want to run a Business successfully.
Therefore, strategies is a plan of action or steps to take towards the accomplishment of goals that one intended to achieve.

 

[Seun4luv]

The process of strategic planning is about determining the direction in which you want to take your business. It involves setting out your overall goals for your business. By contrast, the purpose of the business plan is to provide the detailed roadmap that will take you in your desired direction.

 

[Taimoor Jutt]

It is not such complex thing bro. It is like common planning. But when you or your company set a goal, or to compete specific company, then you have to plan how to get that specific land mark and goal. Then this planning will be called strategic planning. It is very handy to remain in headlines of your market.

 

[Trexxxy]

A lot of people have done justice to it in the comments , the purpose of strategic planning cannot be overemphasised. Strategic Planning are those actions to take to put your business in a proper position to make a huge change towards success.

 

[Youngdee]

A strategic plan is primarily used for implementing and managing the strategic direction of an existing organization While a business plan is used to initially start a business, obtain funding, or direct operations. So a strategic plan in a business is literally to provide focus, direction and action in order to move the organization from where they are now to where they want to go.

 

[Rashid]

Planning is very much importing for start of any career. Strategic planning is the plans in written form where you put your small goals, which you want to achieve. This planning set our mind to start and manage our business. If your planning is better so your start will be.

 

[Alogakho Esson]

In the field of business every investment goes with time so as many innovation key into marketing business owner need to change strategy with hand of clock

 

[Zamaney]

Strategic planning is a systematic process that helps you set an ambition for your business' future and determine how best to achieve it. Its primary purpose is to connect three key areas: your mission - defining your business' purpose

 

[WhiteHouse]

Good strategic planning recognizes the best course of activities or the easy way out to arrive at your objectives. It isn't only wide based nonexclusive bearing settings. Great vital arranging sees how to bits together an intelligent arrangement of activities or strategies that draw on existing qualities, however make strength through the idea of these arrangement of commonly strengthening activities. It is tied in with finding that serious edge through a separated, thoroughly examined set of exercises.

 

[Azhar119]

Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.

 

[Profuk57]

Planning is arranging how certain events will go but strategic planning is the layed procedure for day to day activities that will see into the future of the organization. strategic planning is no longer longer planning for the present but for the future and the future future putting everything into consideration

 

[Tinaconcept]

A saying goes "if you fail to plan, you plan to fail" as simple as it is. When you plan towards achieving something you will see yourself working towards it just the way it is the other way round if you don't plan towards a goal then you wants to fail.

 

[Adetayo100]

Strategic planning is a systematic process that helps you set an ambition for your business future and determine how best to achieve it. Its primary purpose is to connect three key areas: your mission defining your business purpose.

 

[Ifective]

Everybody claims to have a plan but the point is is that plan strategic enough to achieve greater goals?
To start a business or to move a business forward, one needs a strategic plan in order to scale through.
Making future plans about how you want your business is very important in the longetivity of the business.
People who fail to make adequate strategic plan for their businesses tend to fail in the end

 

[Obaterof]

Strategic planning helps a business achieve the purpose of its existence easily. A businessman that don't have a good strategic plan is doomed