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Strategic Planning is a systematic process of envisioning and formulating an organization's future direction, including setting goals, determining actions to achieve those goals, and mobilizing resources to execute the actions. It involves analyzing the internal and external environments, assessing the organization's strengths and weaknesses, identifying opportunities and threats, and making informed decisions about how to allocate resources and prioritize initiatives. Strategic Planning is closely related to Business, Financial Management, Risk Analysis as it provides a framework for decision-making and resource allocation that takes into account financial considerations and potential risks. It helps organizations align their activities with their mission, vision and values, and create a roadmap for long-term success.