Why Firms Not Do Strategic Planning?

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p>In the today’s world of global economy and competitive environment&comma; there are still many firms still not doing strategic planning due to some known and unknown reasons&period; In some firms where low and middle management has been doing strategic planning but not receive any support from the top level managers&period; Here are some known reasons for doing poor or no strategic planning&period;<&sol;p>&NewLine;<p>1&period; An organization has no prior experience in strategic planning&period;<&sol;p>&NewLine;<p>2&period; An organization has poor reward structures due to this reason employees are not motivated to put sincere efforts for the organization long term success&period;<&sol;p>&NewLine;<p>3&period; An organization going through bad patch do not get enough time for strategic planning because it has been putting all its efforts for its survival&period;<&sol;p>&NewLine;<p>4&period; Some firms believe that planning is not a productive activity and consider it as a waste of time&period; The same time could be utilized for the production of new products and services&period;<&sol;p>&NewLine;<p>5&period; A firm has an understanding that we are successful therefore no planning is required&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;92 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;