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  2. Strategic planning - Wikipedia

    en.wikipedia.org/wiki/Strategic_planning

    Strategic planning [1] is an organization's process of defining its strategy or direction, ... not strategic planning. In business, the term "financial plan" is often ...

  3. Strategic management - Wikipedia

    en.wikipedia.org/wiki/Strategic_management

    Strategic planning is a means of administering the formulation and implementation of strategy. Strategic planning is analytical in nature and refers to formalized procedures to produce the data and analyses used as inputs for strategic thinking, which synthesizes the data resulting in the strategy. Strategic planning may also refer to control ...

  4. SWOT analysis - Wikipedia

    en.wikipedia.org/wiki/SWOT_analysis

    In strategic planning and strategic management, SWOT analysis (also known as the SWOT matrix, TOWS, WOTS, WOTS-UP, and situational analysis) [1] is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project.

  5. Business Tips from SCORE: Understanding differences ... - AOL

    www.aol.com/business-tips-score-understanding...

    A business plan helps a company get off the ground and ensure growth, while a strategic plan sets long-term direction, ensuring sustained success.

  6. Strategic thinking - Wikipedia

    en.wikipedia.org/wiki/Strategic_thinking

    Strategic planning's role is "to realise and to support strategies developed through the strategic thinking process and to integrate these back into the business". [ 14 ] Henry Mintzberg wrote in 1994 that strategic thinking is more about synthesis (i.e., "connecting the dots") than analysis (i.e., "finding the dots").

  7. Strategy and uncertainty - Wikipedia

    en.wikipedia.org/wiki/Strategy_and_uncertainty

    In this scenario, formal planning systems are criticized by a number of academics, who argue that conventional methods, based on classic analytical tools (market research, value chain analysis, assessment of rivals), [2] fail to shape a strategy that can adjust to the changing market [3] and enhance the competitiveness of each business unit ...

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