Strategic planning involves creating long-range goals and determining
the resources required for achieving these goals. Strategic planning
is the most far-reaching level of planning and involves plans with
time frames from one to five years. Essential to the notion of strategic
planning is that it involves an assessment and consideration of the organization’s
external environment, and that the organization is adaptive
to these outside, noncontrollable variables, adjusting and possibly
redirecting its strategy to account for this changing environment.