Benefits,Limitations, Pitfalls and Challenges Essay

Benefits,Limitations, Pitfalls and Challenges - Essay Example ore, through strategic planning, the organization is able to identify the influence of changes in the environment on the organization and their directions. In addition, strategic planning creates awareness of potentials, strengths, weaknesses, opportunities and threats in the organization. Other benefits include provision of necessary information to support decision-making and enhancement of the growth process. In fact, through a strategic plan, poor performing are identified in order to improve the locus of control concerning operational problems. It also facilitates development of effective communication within and outside the organization (Taylor, 1984). Lastly, it offers a roadmap that indicates the directions for the company to follow and explains the way to achieve various objectives through development of substantial coordination. On the other hand, there are challenges experienced in the process of strategic planning such as ensuring the commitment of top-level management. This is due to the nature of strategic planning, whereby it contributes to reduction of executive decision-making power. Moreover, it facilitates involvement in the organization thereby empowering people to engage in decision-making (Hax & Majluf, 1996). Consequently, this can result to decision-making role from the executive to the employees and stakeholders. Therefore, strategic planning can lead to impediment of changes and discourage disruptive considerations by the organization. On the other hand, it discourages creativity and innovation given that it fails to handle these