Attaining the first place in economy among the M.E. regional countries, a goal of the Twenty-Year Prospective Plan of the Islamic Republic of Iran, necessitates the proper usage of the instruments designed for economical development. The studies conducted about the role of capital market in developing the economy indicate that an improvement in capital market can lead to sustainable development. The stock exchange as a prime element of the capital market plays a significant role. Using the strategic planning for stock exchange forms a route to the improvement of capital market and consequently to economical development. By studying and comparing the paradigms of strategy composition and the schools formed upon them, the prescriptive paradigm and planning school have been selected as proper ones for the study, upon which the conceptual model of the study has been designed. In the next step, through interviewing the authorities, the factors of the model for the stock exchange have been defined and the primitive framework of strategic plan of Tehran Stock Exchange has been offered and this framework has been evaluated by the authorities through a questionnaire. The result of the analysis of the questionnaire's output is that the mission of Tehran Stock Exchange should be compiled, its weaknesses and strengths, and opportunities and threats should be identified and its five-year objectives should be determined. Finally, by means of SWOT method, the weaknesses and strengths, and opportunities and threats of Tehran Stock Exchange have been compared and some appropriate strategies have been offered.

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