Competitive Intelligence Portal - Strategic Planning

Strategic planning is a management tool for organizing the present on the basis of the projections of the desired future. That is, a strategic plan is a road map to lead an organization from where it is now to where it would like to be in five or ten years.

It is necessary to have a strategic plan for your company and/or department. In order to develop a comprehensive plan for your company and/or department which would include both long-range and strategic elements, we suggest the methods and mechanisms outlined on the following pages.

The plan must be:

•  simple
   
  
• written
   
  
• clear
   
  
• based on the real current situation
   
  
• have enough time allowed to give it a time to settle. It should not be rushed. Rushing the plan will cause problems.