It is a set of principles relating to the functions of planning, organizing, directing, and controlling.

• Marketing

• Management

• Methodology

It is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives.

• Business Analyzing

• Board Meeting

• Strategic Planning

It sets the tone and provides a North Star on the horizon.

• Vision

• Mission

• Goals

It is how you plan to achieve the vision.

• Tactics

• Mission

• Strategy

Specific results that a person or system aims to achieve within a time frame.

• Success indicators

• Objectives

• Goals

It provides a methodology for executing your strategy.

• Approach

• Planning

• Tactics

It the key to execution. They are the actions you take to make it all happen.

• Tactic

• Action plan

• Hands on

SWOT Analysis is a tool use in business strategy. SWOT stands for _________.

• Strength, Weakness, Opportunity, Threat

• Success, Weakness, Objective, Threat

• Strength, Weakness, Observation, Transformation

SMART acronym is use to assess your goals or objectives. The letter "T" on it stands for _________.

• Threat

• Taking risk

• Time bound

All of it are benefits of having Strategic Planning, except one.

• gives individuals a sense of direction and marshals them around a common mission

• to make use of company fund for leisure activities

• to be aware of future opportunities and challenges