Final answer:
Strategic planning is the set of processes involved in creating or determining the organization's strategies. It includes analyzing the organization's current position, setting objectives, and developing strategies to achieve those objectives.
Step-by-step explanation:
The set of processes involved in creating or determining the organization's strategies is called strategic planning. Strategic planning is a systematic process that involves analyzing the organization's current position, setting objectives, and developing strategies to achieve those objectives. It involves making decisions about the organization's mission, vision, goals, and the actions needed to accomplish them. This process typically includes conducting a SWOT analysis (assessing strengths, weaknesses, opportunities, and threats), setting strategic objectives, developing action plans, and monitoring progress.