The document discusses strategic planning and analysis. It provides an overview of key concepts in strategy formulation, including vision, mission, market analysis, and SWOT analysis. It then outlines the historical development of strategic thinking from the 1950s to the 1990s. Major contributors mentioned include Alfred Chandler, Igor Ansoff, and Michael Porter. The document also presents the basic strategic planning process and provides examples of vision and mission statements. Finally, it defines concepts related to market analysis such as market size, market share, and distribution share.