Strategic planning

Steven W. Floyd, Carola Wolf

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary

Abstract

Strategic planning is one of the most widely used management tools and continues to be a subject of frequent study. Typically, the practice follows a normative model that includes a logical sequence of activities designed to connect aspirations set by top management with input provided by managers at middle and lower levels. Much of the research literature focuses on relationships between strategic planning and organizational performance. More recent work examines strategic planning as a mechanism for integrating activities within complex organizations and analyses the micro-processes and social practices embedded in the process.
Original languageEnglish
Title of host publicationThe Palgrave encyclopedia of strategic management
EditorsMie Augier, David J. Teece
PublisherPalgrave Macmillan
Number of pages3
DOIs
Publication statusPublished - Aug 2013

Keywords

  • criticisms of planning
  • formal planning
  • long-range planning
  • strategic decision-making
  • strategic initiatives
  • strategic planning
  • strategy practices
  • strategy implementation

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  • Cite this

    Floyd, S. W., & Wolf, C. (2013). Strategic planning. In M. Augier, & D. J. Teece (Eds.), The Palgrave encyclopedia of strategic management Palgrave Macmillan. https://doi.org/10.1057/9781137294678.0659