Strategic Planning

A strategic plan helps a community or organization move towards their vision of what they would like to be in the future. The strategic planning process typically follows these 5 phases:

Analyzing the environment and conducting assessments
Identifying organizational direction by visioning
Formulating a strategy using goals and objectives
Transitioning to implementation by creating a plan of action
Keeping the plan current by continuously monitoring performance metrics

Please discuss the importance of strategic management and planning.
Make sure to also:
-analyze the implementation strategy
-the potential problems that may limit its effectiveness
-the role of communication