Issues with Planned Strategies
- Created by: tanja soulsby
- Created on: 09-06-17 11:00
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- Issues with Planned Strategies
- Planning can cost time and money
- Easy to get caught up trying to plan perfect strategy - practically impossible ????
- Will gradually become out-of-date
- E.g. if strategy is planned every 5 years, 3 years into implementation, environment could have changed
- Difficult to adapt a planned strategy to a changing environment
- Senior managers planning the strategy could be out of touch with what is really happening in the business
- Could require input of many people, each with specific skill set
- Change these people only understand their own contributions and not see the bigger picture
- Could be too detailed & theoretical
- Might not focus on how to implement the strategy in practise
- Managers can become too concerned with analysing data and making sure everything is going exactly to plan
- Strategy can become too rigid
- Stops people being creative & innovating
- Strategy can become too rigid
- Senior managers implementing strategy could be too busy to fully oversee everything
- If tasks are delegated down to people without authority, things could be trickier to implement
- Planning can cost time and money
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