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Define strategic planning and identify the 4 steps in the planning process.?


Question:
Define strategic planning and identify the 4 steps in the planning process.?

Answer:
Strategic planning is the process of determining a company's long-term goals and then identifying the best approach for achieving those goals.


Steps of the planning process
1 - Identify the problems
2 - Determine what alternative solutions exist
3 - Decide what the best alternative is and prepare the plan
4 - Put the plan into action, and see how it works and learn from the experience.
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