This report delves into the realm of business strategy, focusing on the crucial aspects of strategic planning. It begins by outlining the core elements involved in the strategic planning process, emphasizing the importance of business missions, visions, objectives, and goals. The report then explores various techniques used in strategic planning, such as the BCG matrix and Porter's Five Forces, evaluating their effectiveness in different contexts. It discusses the significance of these techniques in making informed strategic decisions and achieving organizational targets. The report also highlights the importance of considering various factors when formulating strategic plans. This report provides a comprehensive overview of strategic planning, offering valuable insights into the key components and techniques used in the field of business strategy.