8 Jun 2022


Traditional Strategic Planning

Format: APA

Academic level: Master’s

Paper type: Coursework

Words: 338

Pages: 1

Downloads: 0

As Loshin (2012) believe, planning and wise decisions help enterprises prosper through making good profits. On the same note, when a company has good planning and decision making procedures, it meets its goals and achieves its mission (Loshin, 2012) . Consequently, traditional decision making involves coming up with ways of achieving objectives and modifying strategies depending on observed results (Loshin, 2012) . However, Mankins and Steele (2006) indicate that many business managers believe that traditional strategic planning is not worthy and have serious disadvantages. 

I agree with Mankins and Steele that traditional strategic planning is useless because in many occasions it is conducted at the end of the year. At this time, the executives cannot respond well to opportunities and threats that emerge throughout the year in various units. As such, the executive visits unit by unit to evaluate their strategic plans. Besides, the executives lack enough data to give essential guidance when the units are being reviewed. Also during the time when the executive members are conducting the visits, they are taken away from some issues within the company which is important. Such issues include restructuring the organization, looking for new markets amongst others (Sabherwal & Becerra-Fernandez, 2011) . 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

As the executive face these difficulties, they frequently fail to deal with their company’s official process of planning and make unplanned choices based on insufficient debate and inadequate analysis (Waltz, 2003) . Also, Waltz explains that they make incorrect and slow final decisions and at times no decisions at all (2013). As a result, I believe it is vital for the executives to apply continuous issue-focused strategic planning in their daily operations of a company. In this way, throughout the year, they will be able to note the problems that need to be resolved to boost the performance of an organization (Kahneman, 2013). 

In conclusion, I agree with Mankins and Steele that traditional strategic planning is not worthy and can lead to failure of a company. It has many disadvantages that affect the operations of an organization. On the other hand, I believe the solution to this problem is encouraging the executive to apply continuous issue-focused strategic planning in their daily operations of a company. 


Kahneman, D. (2013). HBR’s 10 must reads on making smart decisions . Boston: Harvard Business School Publishing (ISBN: 978-1-4221-8989-4). 

Mankins, M., & Steele, R. (2006). Stop Making Plans: Start Making Decisions . Boston, MA: Harvard Business School Publishing  

Loshin, D. (2012). Business intelligence . Waltham, MA: Morgan Kaufmann. 

Sabherwal, R. & Becerra-Fernandez, I. (2011). Business intelligence . Hoboken, NJ: Wiley. 

Waltz, E. (2003). Knowledge management for the intelligence enterprise . Boston: Artech House. 

Cite this page

Select style:


StudyBounty. (2023, September 15). Traditional Strategic Planning.


Related essays

We post free essay examples for college on a regular basis. Stay in the know!

How AI Can Help Retailers Solve Business Problems

The global marketplace is currently more integrated than ever before. This situation presents a never-before experienced opportunity for retailers. Multinational organizations whose sole basis is the internet have...

Words: 2700

Pages: 5

Views: 138

The Natural Organizational Model and the Informal Groups

The nature of an organization is based on different factors such as the environment it is set up in. also, the type of activity it undertakes. This paper will examine the natural organizational model, the informal...

Words: 3009

Pages: 10

Views: 240

Why Pinkberry should focus on making orange and yellow the two prevailing colours

The fact that Pinkberry has evolved from a storefront to a nationally recognized brand makes this franchise of frozen dessert yogurt shops an example to be followed. Yes, the personality of a brand created a platform...

Words: 582

Pages: 2

Views: 94

Ford Motors: Board Presentation For Electric and Hybrid cars Production

Executive Summary The motor vehicle industry in America and worldwide is highly competitive with major players no longer enjoying the dominance that they had had before. Innovation and identification of trends...

Words: 1088

Pages: 4

Views: 130

Home Remodel Project Plan

Project Overview Home remodeling is one of the notable key projects undertake through project management, as a project manager is expected to come up with a clear plan that would help in meeting the expected...

Words: 2152

Pages: 8

Views: 69

How Airbnb Achieved Success

Hospitality industry includes firms that provide lodging and dining services for customers. Many of the businesses in the travel and hospitality industry offer customers with prepared meals, accommodation, snacks,...

Words: 906

Pages: 3

Views: 63


Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.