Strategic Development: It is also termed as strategic planning, and is basic to making and running a business. Simply put, it is a game plan which sets particular goals and objectives however like a game plan, it is capable of being modified in response to shifting market dynamics. Some basic steps to strategic planning are:
(A) Incremental: Slow but steady approach (that is, without trying a leap) in which an already conceived end outcome is aimed for. (B) Evolutionary: Slow but steady approach (that is, without trying a leap) in which there is no pre-conceived end outcome however each successive design or product is a modification of the preceding one. (C) Grand design: Net transformation via a right-the-first-time approach.