Stages of Strategic Planning

The video tutorial outlines the strategic planning process, which includes setting objectives, analyzing the external and internal environments, and choosing strategic options. It covers tools like PESTLE and SWOT analysis, and emphasizes the importance of scenario planning and strategic controls to adapt to changes and evaluate performance.

What is the first stage in the strategic planning process?

What external factors should be considered during the planning process?

Explain the purpose of a SWOT analysis in the internal analysis stage.

What is meant by operationalizing a strategic plan?

How can scenario planning contribute to strategic planning?