Importance Of Strategic Planning
Strategic planning is important to a nonprofit organization’s future path and success. As such, it is important to understand what strategic planning is and the reason why it is so important. This information provides a concept of strategic planning and the reason why it is recommended to nonprofit organizations.
Wikipedia defines strategic planning as “an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.” Strategic planning is the formal consideration of an organization’s future course.