Review:
Strategic Planning
overall review score: 4.5
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score is between 0 and 5
Strategic planning is a process that organizations use to define their direction or strategy, make decisions on allocating resources to pursue this strategy, and guide the implementation of the strategy.
Key Features
- SWOT analysis
- Goal setting
- Action planning
- Monitoring and evaluation
Pros
- Helps organizations set clear goals and priorities
- Provides a roadmap for decision-making and resource allocation
- Encourages proactive thinking and long-term vision
Cons
- Can be time-consuming and resource-intensive
- May require significant involvement from multiple stakeholders
- Risk of plans becoming outdated if not regularly reviewed and updated