What are the four types of strategic planning and the three levels of strategic planning?

Four Types and Three Levels of Strategic Planning

Strategic planning is an important tool for organizations to identify their current state, develop goals and plans for the future, and create a path to get there. There are four key types of strategic planning: annual, long-term, short-term, and crisis, while there are three levels of strategic planning: corporate, business, and functional.

Annual Strategic Planning

Annual strategic planning is the process of creating a plan for the coming year. This type of strategic planning is typically focused on the short-term and involves setting and meeting specific goals within a certain period of time. Annual strategic planning enables organizations to stay on track and make adjustments as needed to remain competitive and successful.

Long-Term Strategic Planning

Long-term strategic planning is the process of creating a plan for the future. This type of planning is focused on the big picture and involves creating goals and strategies for the long-term. Long-term strategic planning helps organizations identify opportunities and threats in the external environment, as well as develop strategies for achieving their long-term goals.

Short-Term Strategic Planning

Short-term strategic planning is the process of creating a plan for the immediate future. This type of planning focuses on short-term goals and objectives, and involves setting and meeting specific goals within a certain period of time. Short-term strategic planning helps organizations to stay on track and make adjustments as needed to remain competitive and successful.

Crisis Strategic Planning

Crisis strategic planning is the process of creating a plan for responding to a crisis. This type of planning is focused on developing strategies for dealing with any potential crisis quickly and effectively. Crisis strategic planning helps organizations prepare for any unexpected events and minimize the impact of any potential crises.

Levels of Strategic Planning

The three levels of strategic planning are corporate, business, and functional. Corporate strategic planning is the process of creating a plan for the entire organization. This type of planning focuses on the big picture and involves setting long-term goals and strategies for the organization. Business strategic planning is the process of creating a plan for a specific business unit or division. This type of planning is focused on the short-term and involves setting and meeting specific goals within a certain period of time. Functional strategic planning is the process of creating a plan for a specific function or department. This type of planning is focused on developing strategies for achieving the goals and objectives of the function or department.