The primary purpose of the planning process is to help companies set goals and have an actionable plan to achieve those goals. Strategic planning can take place at every level of a company. There may be a plan in place that covers the goals of the entire organization, but there may also be plans individual managers design and implement with their teams.
The strategic planning process is integral to a company’s long-term success. With a strategic plan in place, a business can more effectively focus its energies and resources on achieving a goal.

The MountLife Group believe in these 7 steps to effective strategic planning and can develop it out :

1. Review and develop the vision and mission (Company wide involvement)
2. Analyse current state of business (S.W.O.T analysis)
3. Develop and select strategic options (templates)
4. Establish strategic objectives (use of S.M.A.R.T)
5. Strategy execution of plan (commit)
6. Establish resource allocation (spread the workload)
7. Execution review (weekly/monthly/quarterly)