Meet My Friend, Strategic Planning Written by Jana Beals, December 2020 Let’s talk about strategic planning, and put it into a less intimidating context for everyone. We are going to take a brief look at steps in a business strategy process, and then insert actions you already take. You’ll see how you are already strategically planning, and probably doing a bang-up job of it! Ok, ready? There are essentially 5 steps in preparing a business strategy for execution: 1. Defining the mission/vision/values 2. Forming business hypothesis and strategy 3. Mapped out strategy descriptions 4. Strategy alignment 5 . Strategy execution But what does that mean? 1. What is your mission, what do you see coming from your mission, and what do you value? Top-notch service at an affordable price. 2. Research; gather information, and map out the cause(s) and effect(s). If this, then that. 3.