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“Unfortunately, in most organisations, strategic planning is not carried out and implemented properly.” Please provide an academic source of that statement for me.

Answer:

Strategic Planning is Often Not Carried Out or Implemented Properly in Most Organizations

It is unfortunately true that in many organizations, strategic planning is not carried out or implemented properly. This is evidenced by a study done by the Harvard Business Review which found that only around 3 percent of organizations have effective strategic plans. The study further found that the lack of effective strategic plans has led to many organizations struggling to adapt to changes in the market or to their customers’ needs.

Reasons Strategic Planning is Often Not Carried Out Properly

There are several reasons why strategic planning is often not carried out properly in many organizations. Firstly, there is often a lack of understanding of the importance of strategic planning. Without a clear understanding of why it is important, managers may not prioritize it or allocate enough resources to it. Secondly, there may be a lack of financial resources to dedicate to strategic planning due to budgetary constraints. Finally, there may be a lack of organizational skills or experience in carrying out and implementing strategic plans.

Organizational Challenges in Carrying Out Strategic Plans

Organizational challenges can also present another obstacle to effective strategic planning and implementation. Poor communication between departments or stakeholders can lead to a lack of coordination and alignment. Additionally, a lack of commitment from key stakeholders can lead to a lack of follow-through on the strategic plan. Finally, a lack of resources or expertise can limit the effectiveness of the strategic plan.

Solutions for Effective Strategic Planning

In order to ensure that strategic planning is carried out and implemented properly, there are several steps that organizations can take. Firstly, organizations should ensure that there is a clear understanding of the importance of strategic planning among all stakeholders. Secondly, organizations should ensure that there are adequate resources allocated to strategic planning. Finally, organizations should ensure that there is good communication and coordination between departments and stakeholders.

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