# Strategic Planning Fundamentals
Strategic planning involves setting long-term goals and determining the best approach to achieve them. 
Key components include:
1. Vision Statement: Where the organization wants to be
2. Mission Statement: Why the organization exists  
3. SWOT Analysis: Strengths, Weaknesses, Opportunities, Threats
4. Goal Setting: Specific, measurable objectives
5. Action Plans: Detailed steps to achieve goals
Effective strategic planning requires continuous monitoring and adaptation based on market changes.
