Strategic Planning of Organization Term Paper Example | Topics and Well Written Essays - 2250 words

Strategic Planning of Organization - Term Paper Example Strategic planning helps the management team to properly understand the current situation. Thus the present times requires continuous strategic planning because of the escalating rate of change of the business world. The firm is hiring people who can foresee the implication of a certain newly employed process or concept. This has led to the development of predictive models which simulate what might happen in the future. Managers of various companies and organizations are forced to think of the future. To achieve this they need to think out of the box and remain focused. Studies previously were done, show organizations that have had long-term strategic plans have survived and thrived in times of crisis compared to the ones which had short-term strategic plans. Growth in terms of customer base and general organizations’ catchment is seen if long-term strategic planning is employed. Strategic planning acts as a form of communication that the firm is planned for the future and bas ically the good intent of the organizations’ management team. Though all these occur, the flip side of such kind of planning cannot be assumed. Strategic planning does not form the organization’s futures blueprint, while it might focus on solving a specific problem, a different predicament can come by and catastrophically affect the organization. Strategic planning is not an effective method of formulating future decisions of an organization, otherwise, the future is unknown. It will not identify all the critical factors which need to be solved in an organization, it requires a thorough investigation of with different viewpoints which is laborious and time-consuming. (Vander, 2004) Below is a structure of how a strategic decision arrives at This calls for planned and emergent approaches to a strategy wherein planned approach; the organization objectives and purpose are clearly stated and directly translated into actions. In the emergent scene, decisions are made on the basis of the bargain, the chance of occurrence and positive feedback.