The systematic process by which an organisation formulates achievable policy objectives for future growth and development over the long term, based on its mission and goals, and on a realistic assessment of the human and material resources available to implement the plan. A well-developed plan is the basis for effective performance evaluation.(See the SMC publication Guidelines for Strategic Planning: Writing a Heritage Strategy.)
Developing short and long-term competitive strategies using tools such as SWOT Analysis to assess the current situation, develop missions and goals, and create an implementation plan.
An approach to long-term planning that aligns the unit's mission with its specific courses of action and results measurements.