Strategic planning
Strategic planning considers the organisation’s longer-term direction, objectives and choices in light of its environment and capabilities. It can address markets, services, business models and major resource commitments. The horizon depends on the business rather than a universal number of years. Translate strategic choices into linked plans and measures, but retain the ability to question assumptions when the environment changes.
Worked example
A logistics firm considers entering temperature-controlled delivery, assessing customer demand, capabilities, risks and required investment before setting operational targets.
Common mistake
Do not label every large expenditure strategic or assume a detailed annual budget is a substitute for choosing a direction.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | APM | Direct | September 2026–June 2027 |
| ACCA | MA | Direct | September 2026–June 2027 |
| ACCA | PM | Direct | September 2026–June 2027 |
| ACCA | SBL | Direct | September 2026–June 2027 |
| FIA | FMA | Direct | September 2026–June 2027 |