Unlike the budgeting process, strategic planning

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Strategic planning occurs at the organizational level and involves setting long-term goals and determining the best way to achieve them. It is a comprehensive process that involves analyzing the organization's strengths and weaknesses, identifying opportunities and threats in the external environment, and developing strategies to address these factors. It is a critical process that helps organizations adapt to changes, remain competitive, and achieve their mission and vision. Unlike budgeting, strategic planning is typically not a routine process and is not carried out at the unit level. While there are standardized models and frameworks for strategic planning, the process itself is highly customizable based on the organization's unique needs and circumstances.

Unlike the Budgeting Process, Strategic Planning