Strategic Planning & Forecasting

Organizations use strategies as part of their business operations. Strategy should lead the direction an organization wishes to achieve. Before beginning strategic planning an organization needs to define the strategic statement, that is the direction it wishes to take. As part of basics an organization will need to define its mission statement, values, vision, strategic statement, and establish a balanced scorecard. It should be based on what makes the organization from others. The strategic objective set should be timely, measurable, and specific.

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