strategic plan
/ˈstrætədʒɪk ˈplæn/ · strat·e·gic plan
noun
- A comprehensive, systematic outline of actions and resources designed to achieve an organization’s long‑term objectives. The nonprofit presented its five‑year strategic plan to the board, detailing goals for fundraising, outreach, and program expansion.
- A formal document that articulates an entity’s vision, mission, and the steps required to realize them over a defined period. After months of stakeholder meetings, the university released its strategic plan, highlighting priorities for research, sustainability, and student success.
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Did you know? The phrase "strategic plan" gained widespread corporate usage after the 1960s, when management consultants borrowed the term from military doctrine to help companies chart long‑term growth.