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This Concept Map, created with IHMC CmapTools, has information related to: Strategic Planning, Strategic Objective defines A broad statement ofr general course of action that prescribes targeted directions for an organization, Develop business strategy factoring in opportunities, things an organization must excel at to be successful e.g. distribution capabilities for a retailer, Strategic Planning tasks Identify strategic objectives & goals, Complete gap analysis identifies "what capabilities do we have", Create strategic vision identifies "to-be" future state, Develop business strategy factoring in weaknesses, Strategic Planning tasks Conduct current situation analysis, A broad statement ofr general course of action that prescribes targeted directions for an organization e.g. become a market leader in a product category, increase return on assests (ROA), Strategic Planning tasks Determine planning horizon, Strategic Planning tasks Complete gap analysis, Create strategic vision identifies "as-is" current state, Strategic Planning tasks Identify critical success factors, Strategic Goals e.g. increase market share by 20%, Conduct environment scan e.g. Conducting PEST analysis, SWOT analysis, Create strategic vision provides mental picture of what the organization should look like in future, Strategic Goals e.g. increate ROA from 10 to 15%, Complete gap analysis identifies "What must be done to succeed", Develop business strategy factoring in strengths, Develop business strategy factoring in available resources