Strategic planning is a process that helps organizations create a roadmap for long-term success. 

It involves defining the organization’s vision and goals, and then establishing a sequence to achieve those goals. 

The process can include research, formulation, execution, evaluation, and adjustment. 

While there’s no single approach, many strategic planning processes include these steps: 

1. Assess: Evaluate the current business strategy and environment. This can include conducting a SWOT analysis to identify internal and external factors that may affect the business, such as strengths, weaknesses, opportunities, and threats. 
2. Define: Define the organization’s vision, mission, and values. A vision statement should be specific and concise, and can serve as inspiration and a framework for strategic planning. 
3. Identify: Identify the organization’s goals and objectives, and determine priorities. 
4. Develop: Develop a strategic plan, including performance metrics and responsibilities. 
5. Implement: Implement the plan and share it with others. 
6. Revise: Revise and restructure the plan as needed.