What are some practical examples of successful strategic planning in business?

Some practical examples of successful strategic planning in business include setting clear, measurable goals and developing a roadmap to achieve them. This could involve assessing the company's current position and future prospects, defining the company's mission and values, and outlining long-term goals and action plans. For instance, a company might identify a new market opportunity and develop a strategic plan to enter that market. This could involve conducting market research, developing a new product or service, and creating a marketing and sales strategy. Another example could be a company planning to improve its operational efficiency. The strategic plan might involve implementing new technologies, improving processes, and training staff.