Answer:
Strategic planning
Step-by-step explanation:
Strategic planning is the process in which business professionals formulate a clear plan to determine the direction of actions that they need to take in order to achieve the company's goals.
Strategic planning typically divided into 4 parts:
- Vision; The end goals that the company want to achieve
- Missions ; Specific list of conditions or checkpoints that the company need to get in order to actualize its vision
- Values; A set of principles that the company use to form their working culture
- Both Long terms and short terms plan that can be executed to sustain its operation.