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In organisations, planning can become a management process, concerned with defining goals for a future direction and determining on the missions and resources to achieve those targets. To meet the goals, managers may develop plans such as a business plan or a marketing plan.
A business strategy is the means by which it sets out to achieve its desired ends (objectives). It can simply be described as a long-term business planning. Typically a business strategy will cover a period of about 3-5 years (sometimes even longer).
Understand your business priorities. What five things are on the strategic agenda of the organisation?
Identify the challenges. Determine key solutions. Choose a solution that makes sense. Implement the solution. Measure the results.
Capture lessons learned.