strategic-planning

Vocabulary Word

Definition

'Strategic planning' involves making decisions about what you want to achieve in the future, and how you're going to do it. It's not just having a plan, but also thinking about potential problems and how to overcome them.

Examples in Different Contexts

In corporate settings, 'strategic-planning' is vital for a company's growth. A CEO might say, 'Our strategic-planning session will outline our vision for the next five years.'

Practice Scenarios

Business

Scenario:

We need to reassess our company's objectives, given the emerging trends in our industry. Ideas?

Response:

Agreed. A comprehensive strategic planning process can help us identify where we need to focus.

Tech

Scenario:

Emerging technologies like AI and Machine Learning could hold great potential for our organization. Let's brainstorm.

Response:

Absolutely. Incorporating these technologies into our strategic planning can help us stay ahead of the curve.