Strategic planning is essential for a business because it gives a business a sense of direction and outlines and achieves goals. In order to set your strategic short-term and long-term goals and objectives into reality, you need a concrete and comprehensive action plan. This is where a strategic action plan comes into play. This essential business document serves as your business road map of how you will achieve your goals, what resources to use, and the timeline. Basically, this is your business's flow chart of the journey you'll go through to reach your objectives.
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