Steps in a formal strategic planning process.
1. Select the corporate mission and goals.
2. Analyze the organization's external competitive environment and internal operating environment.
3. Select strategies that
3.1 Build on the organization's strengths and correct it's weaknesses.
3.2 Are consistent with the organization's mission and goals.
3.3 Are congruent and constitute a viable business model.
4. Inplement the strategies