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Can strategic planning adapt to an era that requires enhanced reactive capability?

[...]the Handbook helpfully catalogs the many contributions to strategy formulation theory, including SWOT analysis, the BCG growth/share matrix, the Five Forces Model, PESTEL, core competency, RBV (resource-based view) and blue ocean strategy. The Handbook’s Table 1 summarizes the survey’s importan...

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Bibliographic Details
Published in:Strategy & leadership 2023-10, Vol.51 (6), p.51-53
Main Author: Allio, Robert J.
Format: Article
Language:English
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Online Access:Get full text
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Summary:[...]the Handbook helpfully catalogs the many contributions to strategy formulation theory, including SWOT analysis, the BCG growth/share matrix, the Five Forces Model, PESTEL, core competency, RBV (resource-based view) and blue ocean strategy. The Handbook’s Table 1 summarizes the survey’s important findings: Because strategy means different things to different people, it is essential to define key terms such as strategic planning, strategic management and strategic thinking, as well as each element of a firm’s strategic management system including mission, vision, values, goals, strategy and measures. Multiple internal and external participants may be involved in the strategy process, including senior executives, an internal strategy team, external strategy consultants, the board of directors, middle management and employees, key customers and activist shareholders.
ISSN:1087-8572
1087-8572
1758-9568
DOI:10.1108/SL-11-2023-262