Strategic Planning is a systematic approach to defining an organization's direction and making decisions on resource allocation to pursue this strategy. It involves the concepts and practices of Michael Kappel Business Strategy and Michael Kappel Business, which emphasize the significance of strategic management to achieve business goals. Strategic Planning also encompasses Application Design and Application Developers, indicating the importance of creating and implementing effective software solutions in achieving strategic objectives. Programmers and People are integral parts of this category, highlighting the role of human resources in executing strategic plans.