A good strategic plan for any private business or a government agency must be able to consider the businesses’ short term goals, as well as the midterm and the long term goals. Just like the Chinese proverb that says: when making annual plans, plant corn, when making decade long plans, plant trees and when making life long plans, educate and train the people involved.
The decisions made must be based on the present condition of the business and where it wishes to be after a predetermined period. As statistic analysts, the concept of the present condition of the business and where ...