The strategic planning process contributes to the success of a venture in several ways. Firstly, it provides a roadmap for the venture, outlining the steps needed to achieve its goals. This helps to ensure that all efforts are aligned and moving in the same direction. Secondly, strategic planning allows for the identification of potential challenges and opportunities, enabling the venture to prepare for and respond to these effectively. Lastly, it encourages dreaming big and reinvigorating the team, which can boost morale and drive innovation.
Without a roadmap, a venture has little chance of a successful transition from point A to point B. W...
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