Business

How to Create a Strategic Plan for Your Business in 5 Steps

Written by the MasterClass staff

Last updated: Nov 8, 2020 • 3 min read

The most successful small businesses, corporations, and organizations never remain static for long. Their leaders continually look to the future, pursuing a slate of both short-term goals and long-term goals while angling for competitive advantages over rivals. These leaders define their organizations’ visions and use strategic planning to achieve organizational goals within a fixed time frame. But before those goals can be met, a robust strategic plan must be put in place.