Why Do Strategic Plan Fail?

1263 Words3 Pages
bulb-icon

Recommended: Challenge of strategy implementation

Why does strategic plan fail?
1.0 Introduction: Strategic planning is an organizational management action that is utilized to set needs, focus energy and resources, reinforce operations, guarantee that employees and stakeholders are moving in the direction of common objectives by setting up a full understanding around intended results, and evaluating and conforming the organization 's direction in response to a changing environment. It is a disciplined effort that produces key decisions and activities that shape and guide what an organization is, who it serves, what it does, and why it does it, with an attention on what 's to come. Effective strategic planning explains not just where an organization is going and the activities expected to operate, but also how it will know whether it achieves success. Having said that, many of the strategic plans cannot accomplish their goal, and there are many reasons; however, in this paper I will discuss three major issues that lead any strategic plan to failure, which are the lack of consensus, having too ambitious plan and the failure to integrate the plan into the culture, operations, and budget.
2.0 Issue Details:
2.1 Description. First of all, strategic planning is about consensus building. The procedure …show more content…

Nonstop learning and non-static planning must become into the new way of organizational planning. Also, the collective insight picked up from the strategic planning will empower the organizations to take after their vision; outline for the difficulties they try to address; and implement, measure, learn, govern, adjust, and grow strategically to meet the basic roles that these organizations will keep on having. It will help individuals and groups to establish and track the measures that are significant to their work. It will assure that the environment inside and outside the organization will evolve continually in the near- and far-term

Show More
Related

  • Coastal Medical Center Swot Analysis Paper

    1586 Words  | 4 Pages

    Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.

    Read More

  • Whole Foods Strategic Plan

    1599 Words  | 4 Pages

    For any strategic plan to be successful there should be effective communication between the management and the employees. The department heads and managers should communicate to their subordinates the significance of their input in the development of the strategic plan for the company.The management should engage the staff in all the phases of the strategic plan as their perspective is valuable to the company. Employees will then be allowed to offer their input through different platforms, such as focus groups, surveys or questionnaires. This communication and engagement within the organization will give the management a clear picture of the strengths and weaknesses of the company. For the strategic plan to be successful, both the management and the employees of the company should be involved in the implementation process.

    Read More

  • Blingbrook Fire Department Case Study

    2094 Words  | 5 Pages

    The benefits to those organizations that choose to embark on the process of developing a long-range plan are numerous as well as invaluable. Organizations that commit to such planning are able to establish objectives and priorities, make clear their future direction, adapting to both internal and external environmental changes, resolve major issues that impact the organization and obstacles and provide a clear and justifiable rationale for decision making (Bryson & Einsweiler, 1988, p. 3). Ultimately, the public is better

    Read More

  • Importance Of Big Picture Thinking In Negotiation

    1290 Words  | 3 Pages

    Most of the common activities in our daily life present an opportunity to negotiate, whether or not we realise it. Meta-reflecting upon my negotiation experiences during the class and other activities have led me to identify few common themes. In this assignment, the two themes I will be discussing are (1) the importance of being clear on the strategic intent and big picture thinking, and (2) the importance of managing the negotiation process through understanding the various phases and visualising negotiation as a train journey.

    Read More

  • Strategic Plan for Mayo Clinic

    1477 Words  | 3 Pages

    A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans characteristically concentrate on operational and organizational goals such as when to obtain new technology, how to meet competitive challenges, and what staffing, tools, or facilities are needed to ensure organizational survival. The mission and value statements are significant in determining the quality of a strategic initiative. Forcing the organization to look toward the future creates proactive objectives in which both short-term and long-terms plans and goals are necessary in order to succeed.

    Read More

  • Considerations Of A Strategic Plan

    1447 Words  | 3 Pages

    New businesses will take longer to thrive with the United States falling economy. The faltering job market and the deepening slump in housing threaten to hurt consumer spending. Consumers are becoming more conscious of their spending and therefore using cash to pay for smaller necessary purchases. The cost of entertainment and other presumed luxuries may be pushed to the background by most families, when having to choose whether to pay for a bill or treat the family out. Thriving businesses will understand the need to provide a service or product at affordable prices.

    Read More

  • Sun Microsystems Inc., Customer Focus Is Their Strategy

    1641 Words  | 4 Pages

    Strategic management is the ongoing process of ensuring a competitively superior fit between the organization and its ever-changing environment (Kreitner, G13). Strategic management serves as the competitive edge for the entire management process. It effectively blends strategic planning, implementation, and control. Organizations that are guided by a coherent strategic framework tend to execute even the smallest details of their mission in a coordinated fashion. The strategic management process includes the formulation of a strategy/strategic plans, implementation of the strategy, and strategic control. A clear statement of the organizational mission serves as the focal point for the entire planning process. People inside and outside the organization are given a general idea of why the organization exists and where it is headed. Working from the mission statement, management formulates the organization's strategy, a general explanation of how the organization's mission is to be accomplished. Then general intentions are translated into more concrete and measurable plans, policies, and budget allocations. Implementation is the most important part of the strategy. Strategic plans must be filtered down to lower levels to be success. Strategic plans can go astray, but a formal control system helps keep strategic plans on track. In the strategic management process general managers who adopt a strategic management perspective appreciate that strategic plans require updating and fine-tuning as conditions change. Given today's competitive pressures, management cannot afford to let strategic plans sit as is. A strategic orientation encourages farsightedness. Sun Microsystems Inc. is one company that developed a strategy to become the competitive leader and become the most reliable in the net business. I will explain how Sun's strategy integrates their marketing, management, technology, and service functions into one effective strategy. First I'll discuss who Sun is and what encouraged them to develop their strategy.

    Read More

  • Kaufman's Organizational Elements Model

    1050 Words  | 3 Pages

    Kaufman, Roger. Strategic Planning Plus: An Organizational Guide. Sage Publications, Inc.: Newbury Park, California, 1992.

    Read More

  • Strategic Planning for Ruby Tuesday

    1788 Words  | 4 Pages

    At some point it becomes necessary for an organization to undergo changes. If embracing change is truly one of the organizations core beliefs than efforts should be taken to make the necessary transition. A strategic planning structure allows the organization to stay focused on plans, yet be flexible and adaptive and, therefore, able to deal with change effectively (Galbraith, et al., 2001, pg. 38).”

    Read More

  • Organisations That Fail to Plan are Planning to Fail

    1624 Words  | 4 Pages

    Planning aims to reduce uncertainty. It does this by forcing managers to look ahead, anticipate change, consider the impact of change and develop appropriate responses. (Robbins 2012) Through attempted monitoring of conditions in a changing environment, one is able to respond quicker to new information and new circumstances, thereby becoming more flexible. In addition, having the environment under constant observation enables managers to analyse how the organisation will differentiate itself from its competitors, therefore facilitating more chan...

    Read More

  • Strategic Planning: The Managerial Agenda

    1117 Words  | 3 Pages

    If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take, therefore, strategic planning can play an important role in guiding managers in the right direction. In other words strategic planning is a tool that management can use to give them a sense of direction that will guide them in doing a better job and to ensure that all the members of the organization are working toward the same goals

    Read More

  • Strategic Planning: The Four Steps In Strategic Management

    734 Words  | 2 Pages

    Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.

    Read More

  • Strategic Planning, Facilitation And Sony Corp.

    1872 Words  | 4 Pages

    Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.

    Read More

  • Importance Of Operational Planning

    825 Words  | 2 Pages

    Within an organization, different types of planning are necessary to help establish the visions and goals a company has. Strategic and operational planning is essential for the success of a business. For example, Sports Authority has recently filed for bankruptcy, which is likely due to a lack of planning skills. With the addition of strategic and operational planning, the risk of going bankrupt could be significantly reduced. The many planning steps and strategies involved in these types of planning are what eventually produce the most success.

    Read More

  • The Importance Of Strategic Management

    3201 Words  | 7 Pages

    Group 6 Strategic Management Strategic management is the process where organization managers reach the goals and aspirations of the organization on behalf of its owners. This is done through formulation and implementation of ways and methods to fulfill the organizational goals and objectives (Brian, 2011). This is done with in-depth consideration of both the internal and external environments that the organization operates in, in order to allow the organization to make the right decisions. Strategic management is an important element that firms must put together through strategic thinking as well as strategic planning (Nag, R., Hambrick & Chen, 2007). In order for a firm to compete within its industry, it must plan and relate to the industry dynamics, determine its strengths and weaknesses before determining the best way to match and overcome competitors.

    Read More

More about Why Do Strategic Plan Fail?

Open Document