Declaration of values, mission and visionAnalysis of the external environmentAnalysis of the internal environment Analysis of the current situationSetting goals and objectivesStrategy definitionFeedback and ControlThe rule is clear: planning is necessary!
The six Cs of strategy include: concept, competition, connectedness, continuity, conviction, and the capacity to change. These are elements of the broad process of thinking about how a business develops its strategic depth and capacity.
Effective strategic planning is a process that should be broken down into three separate, equally important components: strategic thinking, long-range planning, and operational planning.
Typically, a strategic plan will include your company's vision and mission statements, your long-term goals (as well as short-term, yearly objectives), and an action plan of the steps you're going to take to move in the right direction.
What are the 9 important strategic management key terms?
Before we further discuss strategic management, we should define nine key terms: competitive advantage, strategists, vision and mission statements, external opportunities and threats, internal strengths and weaknesses, long-term objectives, strategies, annual objectives, and policies.
What are the six 6 dimension of strategic management?
The six dimensions - strategy, culture, organisation, processes, technology, customers and partners - are applied in the DMAT to assess digital maturity.
The basic strategic planning model is ideal for establishing your company's vision, mission, business objectives, and values. This model helps you outline the specific steps you need to take to reach your goals, monitor progress to keep everyone on target, and address issues as they arise.
