1. What is a five year plan.

 Establishing a long-term plan might assist you in determining your company's priorities and
objectives. Do you wish to grow your business to new areas? How can you increase your
sales? Is it possible to hand over the company to a family member? Each goal will
necessitate various time and resource allocations. You can ensure that you and your team
are pursuing these objectives and not wasting resources on something else by creating a
strategy.
 A five-year plan can assist you identify any potential roadblocks as well as potential
strengths that can help you achieve your objectives. This type of strategic thinking might
help you anticipate the unexpected and avoid being caught off guard.
 Finally, if you intend to acquire funds from investors, your business plan will be required
viewing. A five-year strategy can assist you in preparing for these discussions.
2. Why do you need it.?
 No matter how successful your company is presently, creating a strategic plan for it might help
it reach even greater heights. The most compelling reason to create a strategic strategy is the
quick pace of corporate change. There is more information available than ever before to assist
you in your decision-making. You can also develop ideas for how your company will respond to
certain events by analysing a variety of scenarios. Some experts recommend creating a 10-year
or even a 20-year strategic plan, then adopting "agile planning" to develop several short-term
strategic goals in six- or 12-month intervals.
3. How to formulate one.
 Take a look at how your company is going right now.
 Consider where you want your company to be in five, ten, or twenty years.
 If you can't see your company's future that far ahead, start by imagining what you want your
life to be like in five years.
 If you can't see your company's future that far ahead, start by imagining what you want your
life to be like in five years.
 Decide how you'll evaluate your progress.
 You can immediately see whether your strategic plan needs tweaking by evaluating
performance and reviewing it every six months.

4. An already existing plan by a company as a sample.

 Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has drawn up a
capital investment plan worth roughly Rs 50,000 crore for the next five years, with the goal
of expanding its airports, highways, data centre, and other businesses.
 The majority of the projected capex would go towards AEL's airports division, which has
already taken over three of the six airports it competed for, as well as Mumbai and Navi
Mumbai airports. AEL chief financial officer Jugeshinder Singh allegedly indicated in a post-
earnings teleconference on Wednesday that the airport business would see around Rs
35,000 crore in expenditure over the next five years.
 The remaining capital expenditures would be allocated to AEL's other enterprises, such as
highways and data centres, among others. The corporation has no plans to sell its airport
operations before the end of 2022.
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