Strategic Enterprise Planning: Advantages, Disadvantages and Challenges

qwertyuiopasdfghjklzxcvbnmqw
ertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiop
asdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfgh
jklzxcvbnmqwertyuiopasdfghjkl
zxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvb
nmqwertyuiopasdfghjklzxcvbnm
qwertyuiopasdfghjklzxcvbnmqw
ertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiop
asdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfgh
jklzxcvbnmrtyuiopasdfghjklzxcv
Strategic Enterprise Planning
Essay
6/13/2018
Student name

1 | P a g e
Before doing the research, I considered the strategic planning to be the planning in which
strategies were decided in advance in the company. It is a method of defining the plan or way
and making choice on the distribution of the assets in done to pursue the strategy in the
organisation. But after doing the research on the strategic planning in the enterprise, the
concept is quite different and vaster in nature (Al-Turki, 2011).
Strategic enterprise planning can be defined as the methodology which is backed up by the
technology in the organization. This planning is used to assist an organization in creating,
maintaining their financial and operational plans into the one cohesive and integrated system.
This planning includes the scanning of the internal and external environment as those factors
also affects the functioning of the enterprise. There are many key challenges experienced at
all the levels in the organization but by using these proper planning the issues and problems
can be resolved in the organization. From the development of plan and implementation, there
are several issues and conflicts which can be resolved by using the proper technology in the
business (Elbashir, Collier & Sutton, 2011).
There are various advantages as well as disadvantages of the strategic planning which
includes the technological advancement in the business which brings the efficiency in the
accounts. The use of ERP (Enterprise Resource Planning) in the business will make
simplification and accountability in the working of the resources. The resources allocation
and counting can be done with more authenticity in the business. This will save the resource
and optimum utilization of the resources should be there in the business. The progress
measurement of the business can be done easily with the use of strategic planning as well as
the process of decision making can be simplified (Galliers & Leidner, 2014).
Basically, strategic planning is done to know the internal and external forces operating in the
market and what opportunities and threats, company is going to face in the near future. But

2 | P a g e
there are certain limitations of the planning in the enterprise as it makes the organization and
its managers working rigid which hamper the performance of future of business (Simon,
Fischbach, & Schoder, 2014).
Implementation of strategic planning in the business may be expensive for some organization
as it involves the introduction of the new software in the business which requires the training
of employees also. It may result in the expensive way and if it is not successful then all the
cost involved in the introduction of this will be wastage of resources (Jacobs, Chase &
Lummus, 2014).
Implementation of the strategic planning in the business may lead to the conflicts among the
stakeholders. A stakeholder includes employees, shareholders, suppliers, customer,
government etc. All these can have a problem in the implementation of the strategic planning
in the organization as it involves huge time as well as a cost to the business. All the key data
and resources are recorded in this software only. If the software hacks or something went
wrong with the information of business may lead to huge losses for the company (Laínez,
Schaefer & Reklaitis, 2012).
There are several challenges and issues in the business which implements the strategic
planning in the business. The biggest problem lies in the selection of the strategic planning
software. Another problem faced is the technical issues which are faced when used by the
employees. Implementation of this strategy will be successful only when the value of the data
is maintained in the business. If after bearing all the issues and problems then also the quality
of data is not available then it should not be chosen and implemented in the organization (Lee
& Kwak, 2011).
There are various skills required by the manager to implement this into the business. The
managers require the ability to align with the objectives and goals of the organization. That