Students corner: Strategic planning has outlived it’s purpose, discuss.

Question:

Strategic planning has outlived it’s purpose, discuss.

Answer:

The idea that strategic planning has outlived its purpose is a topic of ongoing debate among scholars and practitioners of management. Some argue that strategic planning is no longer relevant or effective in today’s rapidly changing business environment, while others believe that it remains an important tool for organizations to achieve their long-term goals.

One argument against strategic planning is that it is often based on assumptions about the future that may not hold true in a dynamic and unpredictable business environment. In other words, the assumptions underlying strategic plans may be outdated or inaccurate, rendering the plans ineffective in achieving their intended goals. This argument is supported by the increasing pace of technological change, globalization, and other disruptive forces that make it difficult to predict future trends and outcomes.

Another argument against strategic planning is that it can be a time-consuming and bureaucratic process that takes resources away from more immediate and pressing business needs. Critics argue that organizations may be better served by focusing on agility and flexibility, allowing them to respond quickly and effectively to changes in the business environment as they arise.

However, proponents of strategic planning argue that it remains an important tool for organizations to achieve their long-term goals. They point out that strategic planning helps organizations to establish a clear vision and mission, identify strengths and weaknesses, and develop a roadmap for achieving their objectives. They also argue that strategic planning can help organizations to anticipate and prepare for changes in the business environment, rather than simply reacting to them as they arise.

In conclusion, while the effectiveness of strategic planning is a matter of ongoing debate, it is clear that organizations need to be flexible and adaptable in order to succeed in today’s rapidly changing business environment. Strategic planning may not be the only or best tool for achieving this, but it remains an important component of many organizations’ approach to long-term planning and goal-setting.

Asonya Gh

Asonya Gh is an entrepreneur, an entertainment and lifestyle blogger based in the Upper West Region of Ghana. He is also the CEO of OneMuzikGh.Com, a website that covers news and updates about music, events and celebrities in Ghana. He has won several awards for his blogging work. He also has a Twitter account and a Facebook page where he posts his content and interacts with his followers.

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