Strategic Workforce Planning
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Planning "strategic" must operate on a large scale as opposed to planning "tactic", which refers to more specific activities. The long-term planning projects ongoing activities in the external environment, describing the results which are likely to occur as they are wanted or not. Strategic planning is then to "create" more desirable future or influencing the external world, either by adapting programs and actions in progress so that they lead to more favorable outcomes in the external environment. In today's world, the notion tends to be strengthened by each passing day that Human Resource Management should be dealt as a strategic Partner and not as one wing of the organization that tends to perform administrative and operational functions.
Research England Development (RED) Fund
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Strategy making forces executives to confront a future they can only guess at. Discomfort is part of the process. Costs lend themselves wonderfully to planning, because the company controls them. But for revenue, customers are in charge. Even managers who avoid the first two traps may end up using a framework that leads them to design a strategy entirely around what the company controls.