Abstract 1 1. The first step in strategic planning is establishing a mission, vision, and values for the organization. At that point you know what you are doing, what you are looking for, and what you are expecting to gain and in which manner. The second step is the ongoing analysis of external opportunities and threats. Examining the industry and its development, any competitive trends such as new processes, technology innovations, changes in laws, and social concerns are examples of environmental…
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