This lecture by Dr Ian Mackechnie is an excellent presentation on strategic management. It is part of the modules that are offered by the MBA at www.stamfordonline.com.my.

Most advice on strategic planning begins with a set of steps such as these:

1. Start by defining your Vision or your primary goal,
2. Next frame your Mission and Purpose
3. Then do a SWOT analysis (assess your strengths, weaknesses,
opportunities and threats)
4. And finish up by building out a set of strategic initiatives.

A very important element missing from this list is reviewing the progress with a focus on outcomes. The outcome is the ultimate goal you with to achieve and is the reason why organizations engage in strategic planning. In order to remain focused on the outcome, one must consider the time remaining and what value the initiative will add to the outcome.

To read more on strategic planning, see http://www.performancesolutionstech.com/category/strategicplanning/