Implementing a strategic planning framework is crucial for any business aiming to succeed. It provides a clear direction and helps align your team with your goals.
A strategy management model is a framework used to develop, implement, and evaluate a company's strategic plan, including steps like analyzing the external environment.
Without a strategic plan, your business risks losing focus-wasting resources, leading to missed opportunities, and falling behind competitors.
A strategic planning framework is a high-level overview, while a strategic planning model offers detailed steps and techniques for achieving set goals.
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