How to Prepare the Strategic Planning for Organization?

Abstract

This study investigated the Strategic Management strategies. Good strategy leads to the accomplishment of business operation and gains the valuable image to all stakeholders. This research study examines the strategic management in two dimensions, which are strategic formulation and strategic implementation. Strategic formulation is classified into 3 levels; Corporate Level, Business Level and Functional Level. Strategic planning is main portion in strategic formulation consisting of environmental analysis, overall company SWOT analysis, vision, mission, objective; strategic alternatives and techniques and strategic selection for appropriate alternatives that fit with an organization.