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The primary motive for organizations to do strategic planning is to make decisions based on preplanning research and purposeful thinking. There are many specific reasons for a corporation to initiate a strategic planning process, including the following:
- provide a structure for management
- give the organization better control over external forces
- serve as a tool for deciding and resource allocation
- develop a strategy for innovation so the organization can compete effectively
- bring everyone together within the organization in order that they’re on an equivalent wavelength
- raise management/employee awareness of current issues and operations
- reawaken and motivate key people within the organization
- position the organization for a merger or joint venture
- create a document suitable for fundraising and/or public relations
- increase morale within a corporation and develop a way of trust and cohesion
- set the stage for the organization to make a “quantum leap” to a new level of product/service development or functioning
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