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Strategic planning is a process in which an organization's leaders define their vision for the future and identify their organization's goals and objectives. The process includes establishing the sequence in which those goals should be realized so the organization can reach its stated vision.
Strategic planning is forward looking. It differs from traditional organization planning, which typically focuses on short-term, tactical goals, such as how a budget is divided up. The time covered by a organization plan can range from several months to several years.