Strategic planning is critical for "for-profit" organizations, but less essential for "not-for-profit" organizations such as government agencies, education, military, and charities that are guided by political or humanitarian goals.

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Strategic planning is equally important for not-for-profit organizations as well. These organizations also need to set clear goals and objectives, identify resources required, and establish a plan to achieve those objectives. Effective strategic planning helps not-for-profit organizations to maximize their impact and enhance their ability to serve their constituents.

Strategic Planning Is Critical for "For-Profit" Organizations, but Less Essential