- Assess the current environment and the company’s capabilities.
- Formulate strategy.
- Translate the overall strategy into an operational plan.
- Continually refine the plan through an ongoing feedback process.
Full-Time Accounting planning is the logical process used to arrive at a vision for the future. This vision is then broken down into a series of manageable steps that can be followed in order to achieve the desired corporate direction. These action items are widely disseminated through the organization, so that employees are consistently engaged in activities that will force the organization in the direction of achieving the plan. The basic steps followed in strategic planning are as follows: