18 Long Term Strategic Planning Template

strategic planning template

Long-term planning is about setting a process by which a particular strategic plan will be achieved. This process focuses on activities that start now and continue well into the future.

How long is a long-term strategic plan?

At big companies where more extensive data makes long range planning more dependable. Their plans can reach out as far as 25 years. And although it's unusually long, it may not be effective because of world and business changing. In general, most strategic plans look forward from three to five years.

What is strategic planning template?
A template provides structure for your business planning process as well as a communication tool that's simple to update or modify. Use the template as a guide for evaluating your business, identifying opportunities for growth and development, and creating a strategic plan.

Table of Contents

What is the key long-term goal of strategic planning?

The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be. via

What is the key to a long-term IT strategy?

Set Long-Term Goals

Every organization must be clear on what IT goals it aspires to achieve – preferably in the longer term; these can range from getting rid of legacy systems, modernizing the website, upgrading/migrating applications, embracing AI, incorporating the latest IT security measures, and so on. via

Which level strategy is long-term strategy?

Corporate strategy defines the long-term objectives and generally affects all the business-units under its umbrella. via

How many steps is long-term planning?

Seven steps of a strategic planning process. via

What are the five steps in the strategic planning process?

  • Determine your strategic position.
  • Prioritize your objectives.
  • Develop a strategic plan.
  • Execute and manage your plan.
  • Review and revise the plan.
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    What are the types of strategic planning?

    There are three types of strategic planning that are essential to every firm: corporate, business and functional. via

    What makes a good strategic plan?

    Strategies should map long-term plans to objectives and actionable steps, foster innovative thinking, as well as anticipate and mitigate potential pitfalls. Strategic plans often look out 3-5 years, and there may be a separate plan for each individual objective within the organization. via

    What is the difference between strategic plan and a tactic plan?

    A strategic plan supports the organization's vision and mission statements by outlining the high-level plan to achieve both. A tactical plan answers "how do we achieve our strategic plan?" It outlines actions to achieve short-term goals, generally within a year or less. via

    How much is approximate duration of long term strategic thinking?

    In strategic thinking, more than 5 years long is the long term, approximately. Most strategic plans look about 3 to 5 years into the future. via

    Who is responsible to make long term plan in an organization?

    The CEO and executive team play a big role in setting the foundation of a strategic plan by creating guiding organizational principles, articulating the strategic areas of focus, and creating the long-term goals that guide the organization to create aligned goals and actions to achieve its vision of success. via

    What are the 6 steps in the strategic planning process?

  • Identifying your strategic position.
  • Gathering people and information.
  • Performing a SWOT analysis.
  • Formulating a strategic plan.
  • Executing a strategic plan.
  • Constantly monitoring performance.
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    What is the first step in strategic planning?

  • Step 1 – Review or develop Vision & Mission.
  • Step 2 – Business and operation analysis (SWOT Analysis etc)
  • Step 3 – Develop and Select Strategic Options.
  • Step 4 – Establish Strategic Objectives.
  • Step 5 – Strategy Execution Plan.
  • Step 6 – Establish Resource Allocation.
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    Which of the following is the first step in strategic planning?

    A brief description of these steps follows: Strategic Objectives and Analysis. The first step is to define the vision, mission, and values statements of the organization. This is done in combination with the external analysis of the business environment (PESTEL) and internal analysis of the organization (SWOT). via

    What are the pitfalls of strategic planning?

    There are four main challenges when it comes to strategic planning: lack of ownership, poor communication, lack of alignment, and slow adoption. It's important to understand what's at the core of these challenges before we dive into solutions. via

    How do you implement strategic planning?

  • Study the overall market.
  • Complete a SWOT analysis.
  • Define your business goals.
  • Develop departmental goals.
  • Set short-term objectives.
  • Identify staffing, budgeting and financing needs.
  • Identify which KPIs you will track.
  • Identify the needs of your customers.
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    What are the disadvantage of conducting strategic planning?

    Strategic plans often fail due to outside influences such as changes in the economic environment, competitor actions and/or technological change (BPP Learning Media, 2010). Macro-environmental factors may sometimes change extremely rapidly which may frustrate any strategic plans. via

    What are three key components of the strategic IT plan?

    The key elements of such a plan include your vision and mission statements, detailed goals and objectives, and action plans and scorecards to help you track your progress. Make sure you include each of these key components in order to create a strategic plan that will serve your small business. via

    What is a good IT strategy?

    A good IT strategy keeps in balance 2 elements: supporting daily operations and developing for the future (new architecture, new systems, new technologies). Some IT and business leaders focus only on current problems and take no time to establish a long-term strategy. via

    What are strategic goals examples?

    Examples of strategic goals for customers:

  • Improve customer satisfaction.
  • Decrease the number of product returns.
  • Increase net promoter score.
  • % of defaults on products.
  • Response time to complaints.
  • Number of followers/likes on social media.
  • Number of returning customers.
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    What are the 3 levels of strategy?

    Three Levels of Strategy: Corporate Strategy, Business Strategy and Functional Strategy

  • Business-level strategy.
  • Functional-level strategy.
  • Corporate-level strategy.
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    What are the 4 grand strategies?

    There are four grand strategic alternatives that can be followed by the organization to realize its long-term objectives:

  • Stability Strategy.
  • Expansion Strategy.
  • Retrenchment Strategy.
  • Combination Strategy.
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    What are the 3 types of strategy?

    Three Types of Strategy

  • Business strategy.
  • Operational strategy.
  • Transformational strategy.
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    What are the 9 steps of strategic planning?

    The 9 Steps of Strategic Planning

  • Step 1: Situation analysis.
  • Step 2: Future state vision.
  • Step 3: Prioritize vision elements.
  • Step 4: Develop communication objectives.
  • Step 5: Develop strategies and tactics.
  • Step 6: Prioritize strategies and tactics.
  • Step 7: Define metrics, timelines and responsibilities.
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    What are the 9 steps of planning?

    Nine Step Conservation Planning Process

  • 1 - Identify Problems and Opportunities. Everyone needs a reason to plan.
  • 2 - Determine Objectives.
  • 3 - Inventory Resources.
  • 4 - Analyze Resource Data.
  • 5 - Formulate Alternatives.
  • 6 - Evaluate Alternatives.
  • 7 - Make Decisions.
  • 8 - Implement the Plan.
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    What is long-term planning with example?

    Long-term planning, on the other hand, is more concrete. As an example, you have a long-term plan to double your sales within the next five years. This plan doesn't change, however, the short-term plans you make to bring life to the long-term goal can change and likely will. via

    What are the 3 inputs to a business strategy?

    Three Inputs Your Strategy Development Process Needs to Consider

  • Input from employees throughout and across the organization.
  • Customers' needs, industry trends, and competitors' strengths and weaknesses.
  • Strategic management and strategy development process best practices.
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    Strategic planning template

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    The 4 Steps of Strategic Planning Process

  • Environmental Scanning. Environmental scanning is the process of gathering, organizing and analyzing information.
  • Strategy Formulation.
  • Strategy Implementation.
  • Strategy Evaluation.
  • The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.