The danger of strategic planning is that it may lock companies into a particular vision of the future - one that may not come to pass.

Question

Quizplus · Accepted Answer

Strategic planning involves making long-term decisions based on assumptions about the future. However, these assumptions may not always be accurate, and the future may unfold in unexpected ways. If a company becomes too committed to a particular vision of the future, it may miss out on opportunities or fail to adapt to changing circumstances. Therefore, there is a risk that strategic planning may lock companies into a particular vision of the future that does not materialize.

The Danger of Strategic Planning Is That It May Lock