What is strategic planning?
Strategic planning is a process in which an organization's leaders define their
vision for the future and identify their organization's goals and objectives. The
process includes establishing the sequence in which those goals should be
realized so that the organization can reach its stated vision.
Strategic planning typically represents mid- to long-term goals with a life span
of three to five years, though it can go longer. This is different than business
planning, which typically focuses on short-term, tactical goals, such as how a
budget is divided up. The time covered by a business plan can range from
several months to several years.
continued at: https://www.techtarget.com/searchcio/definition/strategic-
planning#:~:text=Strategic%20planning%20is%20a%20process,can%20reac
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