Why is Strategic Planning important?

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Why is Strategic Planning important?

Every person has his or her own goals irrespective of which discipline it may be associated with. A goal has to be focused in such a way that it has to be achieved successfully. Some people will be very much determined while extending their endeavors while some lose heart and get disappointed very easily when they taste any small failure. The former type of people will be more successful than the latter type. Any effort delivered to achieve something must involve strategic planning in order to be successful.

Strategic planning is a way of generating strategies and listing out the steps in the plan to reach the goal. If any plan is strategically made and executed then it is definite that it can come out successfully. The success can be achieved to a large extent in strategic planning. Tactical and long range planning depend on the tactics and modified outlook of the result that would occur. Strategic planning results in the way that was required by the planner by having impact on the external world. This type of planning involves recent programs and actions to which we become accustomed in order to achieve better result.

Strategic planning is done to gain the talent and capacity in order to achieve required results. The resources of the company and its competence can be challenged intelligently by performing strategic planning that is feasible and proper. Strategic planning is carried out to gain the power to provide competence in favorable conditions in the organization. This competence can be retained in the organization for long time. Strategic planning is dynamic, flexible, and adaptable in any type of situation. It is powerful to give favorable results in spite of hurdles.

The success of strategic planning depends on three steps called situation, target and path. It takes care of the situation very well, helps in reaching the target or goal effectively, and gives the clear map of the path in which the target has to be achieved. A set of creative and logical steps will make the strategic planning successful. Hence, it is important.

Author: Hari M

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