Record it in the journal, prepare financial statements ,prepare closing entries for temporary accounts are the three types of activities after formulating a strategic plan .
<h3>Define strategic planning . </h3>
Business executives use strategic planning as a tool to set their organization's goals, objectives, and long-term vision. Setting the sequence in which these goals should be completed can assist the company in realizing its stated vision.
<h3>What three steps comprise a strategic plan?</h3>
Typically, strategic planning is developed and put into action through the following three crucial steps:
Formulation of a strategy.
Putting a plan into action.
Strategy assessment.
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