What is Strategic Planning in Business?

University / Undergraduate
Modified: 12th Jun 2020
Wordcount: 300 words

Disclaimer: This is an example of a student written assignment. Click here for sample essays written by our professional writers.
Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.ae.

Cite This


What is strategic planning, and who is involved in the strategy-making process?


Strategic planning is main critical part of business for long term success. It is a method of defining as business goal and mission and formulating strategies to reach desire goal. Strategic planning also involves the different control mechanisms to effectively implement the strategy.

Strategic planning model analysis the organization’s external and internal environment and select appropriate strategies in order to pursue the set goal. This also involves selecting strategies of the company at the corporate, business, and functional levels; allocating roles and responsibilities, organization structure, allocating resources, setting short term object, design the organization’s control and reward system, formulate the strategies to address the potential weakness and change them in to opportunities and monitor the results of implemented strategies. 

Corporate level of management involving chief executive officer (CEO), other senior executives, and corporate staff are involved in the strategy-making process. The CEO is the principle general manager. Corporate level managers consult with their other senior executive and CEO to develop the strategy for whole organization in order to define goals of organization, who grow business in specific direction, implementing strategies that span the business, and provide leadership.    


Cite This Work

To export a reference to this article please select a referencing style below:

Give Yourself The Academic Edge Today

  • On-time delivery or your money back
  • A fully qualified writer in your subject
  • In-depth proofreading by our Quality Control Team
  • 100% confidentiality, the work is never re-sold or published
  • Standard 7-day amendment period
  • A paper written to the standard ordered
  • A detailed plagiarism report
  • A comprehensive quality report
Discover more about our
Assignment Writing Service

Essay Writing


Approximate costs for Undergraduate 2:2

1000 words

7 day delivery

Order An Essay Today

Delivered on-time or your money back

Reviews.io logo

1840 reviews

Get Academic Help Today!

Encrypted with a 256-bit secure payment provider