![Strategic planning, tactic or strategy to win business competition, marketing analysis or challenge to achieve target, decision based on information concept, businessman hand on strategic chess king.](https://b1622763.smushcdn.com/1622763/wp-content/uploads/2024/05/Strategic-Planning-768x433.jpg?lossy=1&strip=1&webp=1)
![Arindam Basu](https://b1622763.smushcdn.com/1622763/wp-content/uploads/2024/02/Arindam-Basu-128x128.jpg?lossy=1&strip=1&webp=1)
An effective strategic plan provides step-by-step instructions for launching, growing, or redirecting an organization. The strategic planning process involves: Defining the organization’s vision. Conducting a situational assessment (including validating the forecast/outlook). Setting goals, objectives, and priorities (while understanding that different constituents may have different desired outcomes). Developing a tactical process