Strategic planning refers to a level of planning which involves the longest time horizon and it usually ranges from three (3) to seven (7) years.
Planning can be defined as a strategic process which involves the development of organizational goals and objectives, as well as translating these goals and objectives into action plans or courses of action.
In Business management, there are four (4) main types of planning and these include:
Strategic planning refers to a level of planning by a business firm, which involves the longest time horizon and it usually ranges from three (3) to seven (7) years.
In conclusion, strategic planning is a long-term planning technique which is focused on why things need to happen in a business.
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