Is it Necessary to Plan Strategically?

Is it Necessary to Plan Strategically?

DOI: 10.4018/978-1-4666-2527-3.ch003
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Abstract

This chapter reviews the necessity for strategic planning and investigates structured versus flexible planning. The chapter also has a look at why some misconceptions might happen because of interpretation of terminology in the minds of those charged with strategic planning and those in senior management. This chapter also looks in more detail at the topics of governance, teamwork and communication, and performance measurement together with the reasons why they should be considered collectively as part of strategic planning.
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To Plan Or Not To Plan

The question of ‘why plan strategically?’ is a legitimate question, particularly with the business environment of technology and the marketplace changing so rapidly today. Hill and Jones (2004) refer to various reports on strategic planning and performance, concluding that on average strategic planning does have a positive impact on company performance.

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