The Strategic Business Planning Model is a framework that helps organizations to plan and execute their business strategies. It is a collective term for several elements contributing to the strategic planning process . The core components of this model include a templated structure for creating strategic goals and a loose structure of governance to help manage and track the strategy .
There are several strategic planning models and frameworks available to help organizations create a strategic plan that fits their business. The Basic Model is ideal for establishing a company’s vision, mission, business objectives, and values . The Issue-based Model is an extension of the basic model and is also called the goal-based planning model . The Alignment Model is used to align the organization’s resources with its strategic goals . The Scenario Model is used to identify and analyze different scenarios that could impact the organization’s future . The Self-organizing Model is used to create a self-organizing team that can adapt to changing circumstances . The Real-time Model is used to create a real-time strategic plan that can be updated as needed . The Inspirational Model is used to create a strategic plan that inspires and motivates the organization .