Strategic planning is a systematic process that organizations use to define their long-term goals and objectives and develop actionable strategies to achieve them. It involves assessing the current situation, forecasting future conditions, and identifying strengths, weaknesses, opportunities, and threats (SWOT analysis). The process typically includes setting a vision and mission, determining measurable objectives, and allocating resources effectively. Strategic planning helps organizations to align their activities with their overall mission, prioritize initiatives, and adapt to changing environments. It is essential for guiding decision-making and ensuring that all members of the organization are working towards common goals.
Alliant Energy reported ongoing earnings of $3.04 per share in 2024, up from $2.82 in 2023, marking 21 consecutive years of dividend increases. The company expanded its renewable energy capacity…