This report provides an in-depth analysis of strategic planning, emphasizing the crucial roles of vision, mission, and strategy in organizational success. It explores the relationships between these elements and their impact on stakeholder engagement and external environmental factors. The report delves into the importance of vision statements, mission statements, and their influence on organizational strategy. It also highlights key strategic tools such as SWOT and PEST analyses, and discusses stakeholder analysis. The report examines the factors that shape an organization's vision and the importance of business strategy for success. Additionally, it includes an overview of analytical instruments used to review organizational strategy and provides insights into the influence of vision and mission statements on the overall organizational strategy.