Question: QUESTION 5 ( 2 0 Marks ) Strategic planning is the process of formulating and implementing decisions with regard to the future of an institution.

QUESTION

5

(20

Marks

)

Strategic planning is the process of formulating and implementing decisions with regard to the future of an institution. This process is vital to an institution's survival because it is the process by which the institution adapts to its ever

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changing environment and is applicable to all levels and types of institutions. In view of this statement critically elaborate on the level, importance and benefits of strategic planning.

QUESTION 5 (20 Marks) Strategic planning is the process of formulating

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