Strategic Planning in Uncertain and Dynamic Environments Research Paper

Strategic Planning in Uncertain and Dynamic Environments - Research Paper Example This process is called strategic planning and has been proved to result in different outcomes for different organizations, depending on the nature of the organization and the environment in which the organization operates.   Strategic planning is a systematic and documented process that is adapted for making decisions on what key decisions an organization must get right in order to ensure that the organization thrives in the future. The process of strategic planning leads to a strategic plan, which is a set of statements that describe the purpose and ethical conduct of an organization together with the different strategies that have been designed in order to achieve the targets that the organization has set (Pearce II, et al 1987). To achieve the best outcome, an organization should ensure that its strategic planning is effective, and is capable of sustainable strategic decisions. This is important as it might reduce the risk level for the organization, and improve the long-term performance of the organization. Different organizations have utilized the process of strategic planning differently, and have experienced varying results. Today, apart from large corporations, smaller organizations are equally adopting the process of strategic planning. While some organizations have successfully used strategic planning and experienced a positive outcome, other organizations have failed to realize a positive outcome with strategic planning. Therefore, strategic planning in this regard cannot be viewed as an ultimate or absolute effective process for organizational decision making and improved performance.