A strategic plan is a document that outlines an organization's long-term goals and the actions needed to achieve them. It serves as a roadmap, guiding decision-making and resource allocation. Typically, a strategic plan includes an analysis of the current situation, a vision for the future, and specific objectives to reach that vision. The process of creating a strategic plan often involves input from various stakeholders, including employees, management, and sometimes customers. This collaborative approach helps ensure that the plan reflects the needs and aspirations of the entire organization, making it more effective in achieving its goals.