What is a Strategic Planning System?

What is a Strategic Planning System?

A  strategic planning system is a tool used by business owners and managers to plan, manage, and monitor their businesses. A SPS helps you understand your business and its potential threats, opportunities, and performance. It also helps you choose the right actions to...
What are the Three Types of Planning?

What are the Three Types of Planning?

P lanning is the process of designing, plotting, and executing an action or event to achieve the desired outcome. The three types of planning are: strategic, tactical, and operational. Tactical planning is an overarching plan that defines the activities necessary to...