It Is Impossible to Predict Accurately the Future Business Environment, so There Is Little Point in Drawing Up Strategic Plans.' Discuss This View with Reference to One of Your Chosen Businesses

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A systematic, formally documented process for deciding what is the handful of key decisions that an organisation, viewed as a corporate whole must get right in order to thrive over the next few years. The process results in the production of a strategic plan. Every organisation or major part of a complex organisation occasionally has to make some momentous decisions, the sort of decisions that affect the entire destiny of the organisation for years into the future. These decisions are designed to address the really biggest and most important issues facing an organisation. Such decisions are not simply about small adjustments to activity levels, but are the kind of decisions that may lead to a substantially different organisational structure, or major changes in the relationships among key stakeholders, competitive position, or strategic partners of the organisation. These decisions need to be well thought out and thus will require planning to try and forecast any problems and how they are going to be dealt with. Although businesses can’t predict the future accurately by forming a strategic plan they can at least limit the damage and be prepared for a problem despite it not being accurate as ideal. The company I have chosen to assess in particular for strategic planning is Toyota; this is because the automotive industry is a market that requires a lot of strategic planning to avoid disasters such as the big Toyota recall which happened in 2008. Just by forming a strategic plan it allows a business to think about the future and this alone is vital for a business to do. Although it may not be an accurate plan because they’re trying to predict the future the process of forming a plan can be great for any business. Firstly by setting out a strategic plan it allows a business to set clear goals and aims that the whole business can follow. The plan can be read by the

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