Introduction
A strategic plan is contextually defined as a piece of documentation that describes an organization’s process of foreseeing an anticipated future, the details of which are then delineated into goals and a vision for the organization. A strategic plan also includes an explication of how to achieve the stipulated goals, in a specific and concise manner. Steiner (2008) calls strategic planning an “indispensable act” in endeavor for high quality management of any institution. A subset of strategic planning is strategic management, which essentially offers guidance as well as direction as far as strategic planning at organization level is ...
