Every organization needs a sense of direction to run an organization and gain success in the life. Strategic planning is an important tool for outlining various objectives and measurable goals of the person. It set various guidelines for the organization. This way the continued progress of the organization can be evaluated. Every company has a different approach to make an organization successful. Strategic planning is vital for both profit and non-profit organization. A non-profit organization is the tax-exempt non-business entity which has various criteria to raise the funds. There are various strategic planning for non-profits that help in providing a sense of direction and providing a common objective.
While planning we can identify the weaknesses and strengths of the non-profit organizations. They care about all internal as well as the external factors. There are various strategic planning strategies associated with various organizations such as planning, designing, implementing etc. The planning is done for the long period of time to achieve effective organizational goals. The process of strategic planning is an eventual process that is responsible for increasing the growth rate of an organization. There are various characteristics of strategic planning which focuses on the strengths and weaknesses of an organization. The strategic planning helps to accomplish the task in the future.