Goal setting must be practiced – participation by the employees must be made compulsory
A small idea could turn out into a big plan- don’t ignore suggestions from your subordinates and term them “silly.”
Strategic planning has a long term perspective and takes into account the extended time horizon.
There may not be any immediate impact arising out of strategic planning, but the results can be experienced in the long run.
It gives effort on vital areas. When the size of organizations is huge, they are broken down into STRATEGIC BUSINESS UNITS, treating them as individual businesses for ease of operation and decision making.