The document provides tips for developing a strategic planning process for a business, noting that strategic plans can be developed in different ways depending on factors like organization size and expertise. It recommends assessing the current business environment, defining strengths, weaknesses, opportunities and threats, building consensus on mission and goals, mapping an action plan with budgets and target dates, and creating a contingency plan for monitoring progress. The planning process involves assessing the situation, setting goals and strategy, and planning implementation and oversight.