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Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes [tags: strategic management]. Over the course of several years, the strategic plan is expected to produce increased shareholder value, higher employee satisfaction, and a larger overall customer base about this essay student: cindy15. Strategic planning more precisely, is a process for setting future directions, a means to reduce risk, a vehicle for training managers and direct supports, a process for making strategic decisions, a way to develop consensus among managers and direct supports and a means to develop a written long-range plan.