The importance of plans and planning to ensure the success of today’s business strategies

Term Paper , 2005 , 27 Pages , Grade: 72%, First

Business economics - Business Management, Corporate Governance

The purpose of this paper is to assess the claim that plans and planning are no longer central to ensuring the success of strategies. Strategic management is a complex field, however strategic management as a substantial issue for organisations has only been around for the past 40 or 50 years.

The assessment of the above claim requires looking at certain components first in order to place plans and planning into the context of strategic management. While the first part of this paper examines the key terms strategy, plans and planning, the second part describes the history of plans and planning throughout the history of corporate businesses. The final and most important part will then address the question of whether plans and planning are still playing an important role in strategic management or if this was never the case.

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Part 1: Unsuccessfully Coping with the Natural Beauty of the Concept of¹…..
  • ...Defining Strategy
  • ...Defining Plans
  • ...Defining Planning
• Part 2: The Birth of Plans and Planning, the Child of a Stable World?. Can it Fly?
• Part 3: Strategic Planning: Rising or falling? Or both? Or none? ......
  • Doing Things Differently / Planning and Learning
  • The Connection Between Planning and Organisational Learning
  • When East Meets West - Planning and the Issue of Culture
• Conclusion............
• Appendix A: How Strategies evolve....
• Appendix B: Strategy and Planning in a Multinational Company......
• Appendix C: Bibliography ..

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper explores the claim that plans and planning are no longer essential for successful strategy implementation. It examines the concepts of strategy, plans, and planning, tracing their historical development in the context of business management. The primary focus is on evaluating the ongoing significance of plans and planning in today's strategic management landscape.

• The evolution of strategic management and its roots in military strategy
• Defining and understanding the concepts of strategy, plans, and planning
• The historical development of plans and planning in business organisations
• The role of plans and planning in the context of organizational learning and cultural differences
• The ongoing importance of plans and planning in contemporary strategic management

Zusammenfassung der Kapitel (Chapter Summaries)

• Introduction: The paper sets out to assess the claim that plans and planning are no longer central to strategic success. It outlines the key concepts of strategy, plans, and planning, and briefly introduces the historical development of these concepts. The paper will examine whether plans and planning remain relevant in today's business environment.
• Part 1: Unsuccessfully Coping with the Natural Beauty of the Concept of¹…..: This section delves into the definitions of strategy, plans, and planning. It explores the various perspectives on each concept, highlighting common themes and identifying key characteristics. The discussion also acknowledges the complexity and diversity of strategies and plans in different organizational contexts.
• Part 2: The Birth of Plans and Planning, the Child of a Stable World?. Can it Fly?: This part examines the historical emergence of plans and planning within business organizations. It explores how these concepts have evolved over time and the factors that have influenced their development. This section aims to provide a historical context for understanding the role of plans and planning in strategic management.
• Part 3: Strategic Planning: Rising or falling? Or both? Or none? ......: This section explores the contemporary relevance of plans and planning in strategic management. It examines the impact of factors like organizational learning and cultural differences on the role of planning. This part will investigate whether plans and planning are still vital for successful strategy implementation.

Schlüsselwörter (Keywords)

This paper focuses on key concepts such as strategy, plans, and planning in the context of business management. It examines the historical development and contemporary relevance of plans and planning within the field of strategic management. The paper analyzes how plans and planning contribute to organizational learning, cultural considerations, and the success of organizational strategies.

• College: University of Lincoln (University of Lincoln)
• Grade: 72%, First
• Author: BA (Hons) International Management Stefan Pertz (Author)
• Publication Year: 2005
• Pages: 27
• Catalog Number: V80428
• ISBN (eBook): 9783638870900
• Language: English
• Tags: First