Accounting

Definition of Accounting as it relates to Business, Organizational Behavior, Organizational Structure

Strategic Planning is a systematic process that organizations use to envision their future and translate this vision into broadly defined goals or objectives and a sequence of steps to achieve them. It involves the analysis of the competitive environment, setting organizational priorities, and mobilizing resources to ensure long-term success. Strategic planning draws on insights from various disciplines including business, organizational behavior, and organizational development. The process is typically iterative and requires ongoing reassessment and adjustment in response to changing circumstances. Ultimately, strategic planning serves as a framework for decision making and helps organizations align their activities with their mission and values.

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