Strategic planning is a leadership driven, vision based tool used to help an organization deal with long term planning. Successful strategic planning is dependent upon the strength and vision of the company’s leaders. It looks to them to provide the proper insight, innovative thinking and actions to meet the company’s goals. There are five main steps in the strategic planning process. These are: developing a strategic vision, setting objectives, creating a strategy, executing strategy and evaluating/correcting. Developing a Strategic Vision: When developing a strategic vision the company needs to look anywhere from 5 to 10 years down the road and then ask themselves how are we going to get there in the most efficient way. This usually involves creating a mission statement. In the past most mission statements consisted of one or two lines about the company’s goals. With the advancements in strategic planning companies are become more elaborate and detailed with how the craft their mission statements.Strategic planning is a leadership driven, vision based tool used to help an organization deal with long term planning. Successful strategic planning is dependent upon the strength and vision of the company’s leaders. It looks to them to provide the proper insight, innovative thinking and actions to meet the company’s goals. There are five main steps in the strategic planning process. These are: developing a strategic vision, setting objectives, creating a strategy, executing strategy and evaluating/correcting. Developing a Strategic Vision: When developing a strategic vision the company needs to look anywhere from 5 to 10 years down the road and then ask themselves how are we going to get there in the most efficient way. This usually involves creating a mission statement. In the past most mission statements consisted of one or two lines about the company’s goals. With the advancements in strategic planning companies are become more elaborate and…

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