The usefulness of strategic planning in a turbulent economic environment: a case of Zimbabwe during the period 2007-2009

Purpose - The purpose of this paper is to assess the feasibility of strategic planning in times of turbulent economic conditions.Design methodology approach - This paper discusses how various Zimbabwean organizations incorporated the aspect of strategic planning during the period 2007-2009 in order...

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Veröffentlicht in:Business strategy series 2013, Vol.14 (1), p.24-29
Hauptverfasser: Mufudza, Tsitsi, Jengeta, Mirriam, Hove, Precious
Format: Artikel
Sprache:eng
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Zusammenfassung:Purpose - The purpose of this paper is to assess the feasibility of strategic planning in times of turbulent economic conditions.Design methodology approach - This paper discusses how various Zimbabwean organizations incorporated the aspect of strategic planning during the period 2007-2009 in order to establish its relevance in different economic situations.Findings - Strategic planning process is very difficult to carry out during turbulent economic conditions though there are some aspects of the process that are indispensible.Practical implications - Organizations can survive without sticking to their strategic plans in times of turbulent economic environment.Originality value - The situation that prevailed in Zimbabwe in 2007-2009 was unique and this paper endeavours to analyse the feasibility of strategic planning in a turbulent economic environment.
ISSN:1751-5637
1751-5645
DOI:10.1108/17515631311295686