Put simply... Strategy is a set of hypothesis about cause and effect.
Through testing and experience, causal links can be established for outcomes. Once those links are established, strategic planning is just deciding how to allocate available resources to performing those tasks, which lead to desired outcomes.
• Identify Desired Outcomes
• Identify Lagging Indicators
(Which prove successful outcomes occurred)
• Identify Leading Indicators
(Tasks, which, when completed will lead to successful outcomes)