<P> Strategic planning is an organization 's process of defining its strategy , or direction , and making decisions on allocating its resources to pursue this strategy . It may also extend to control mechanisms for guiding the implementation of the strategy . Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management . It is executed by strategic planners or strategists , who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes . </P>
<P> Strategic planning is an organization 's process of defining its strategy , or direction , and making decisions on allocating its resources to pursue this strategy . It may also extend to control mechanisms for guiding the implementation of the strategy . Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management . It is executed by strategic planners or strategists , who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes . </P>
strategic planning begins with the conception of the organization 's -- -- -- --
strategic planning begins with the conception of the organization 's -- -- -- --
strategy , or direction
strategy , or direction