Evaluating the internal and external environment of the organization, including identifying political, economic, social, technological, legal, and environmental factors that impact the organization's performance.
Strategy formulation
After identifying needs and goals, determining strategic approaches and strategies to achieve the specified goals.
Competitive analysis
Analyzing the market, competitors, and factors that determine the organization's competitive position.
Goal setting
Collaboratively determining the overall and major goals that the organization should pursue during the planning period.