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Removing the obstacles to effective strategic planning.

T G Marx

    Long Range Planning
    |July 8, 1991
    PubMed
    Summary

    Strategic planning in American industry is declining due to bureaucratic hurdles. Overcoming these obstacles is crucial for realizing financial returns and reversing this trend.

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    Area of Science:

    • Business Administration
    • Strategic Management

    Background:

    • The practice of strategic planning has seen a notable decline in American industries.
    • This decline raises concerns about long-term business viability and competitive positioning.

    Purpose of the Study:

    • To investigate the underlying causes for the diminishing importance and application of strategic planning.
    • To identify bureaucratic obstacles hindering effective strategic planning processes.

    Main Methods:

    • The study explores the nature of bureaucratic impediments within organizations.
    • It analyzes the risks associated with addressing these planning obstacles.
    • The research suggests methods for root-cause elimination of identified hindrances.

    Main Results:

    • Numerous bureaucratic obstacles impede the effectiveness of strategic planning.
    • Attempts to remove these obstacles introduce new risks to the planning process.
    • Failure to address these issues will perpetuate the decline of strategic planning.

    Conclusions:

    • Removing bureaucratic obstacles is essential for the successful implementation of strategic planning.
    • Realizing the financial benefits of strategic business planning is contingent upon overcoming these challenges.
    • Without intervention, the trend of declining strategic planning is likely to persist.

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