Visit Herta Martha Shikapwashya for additional crucial step-by-step guides to planning a successful new business. Please go here to see my corporate strategy guide. You will receive techniques and advice from Herta M. Shikapwashya on marketing and strategic planning. She has extensive experience assisting businesses in creating successful strategic plans.

1. Strategic Planning is a
Necessary Step in The
Planning Framework System

2. Planning for both small and large
businesses must include the
Framework System of strategic
planning.

3. To establish a strategic
planning system,
successful business owners
know that there are four
steps in the strategic
planning framework.
Performing these
processes in the correct
order is just as crucial for
marketers as strategic
planning itself.

4. A marketer must first specify the purpose of the business. Many
businesses create a formal mission statement that outlines the
organization's goals and definition of the external world.

5. The second phase in the process involves
using the company's mission (or more
significant aim) to determine the company's
objectives or goals. In other words, what
must the business do to carry out its
objective, who will complete that task, and
when will it achieve it? To reach the desired
outcome, the purposes and goals serve as an
outline or road map (larger goal).

6. The company's whole array of operations and goods is
known as its business portfolio. There are two steps in this
particular technique.

7. The strategic planning
process is finished with
developing the
marketing and other
functional strategies.
The corporate level has
been the driving factor
up until this point. It is
now more
departmental.

8. Visit Herta Martha Shikapwashya for
additional crucial step-by-step guides
to planning a successful new business.
Please go here to see my corporate
strategy guide.
You will receive techniques and
advice from Herta M.
Shikapwashya on marketing and
strategic planning. She has
extensive experience assisting
businesses in creating successful
strategic plans.