Classical Strategic Planning May not Be Adequate for a Fast-changing IT Environment

There are many technical tools and models to assist management in strategic planning process to better realise a businesss strategy. Some classical strategic planning tools are widely used in practice. They bring many benefits, but their limitations should not be overlooked. This essay discusses the five classical strategic planning models - PEST analysis, SWOT analysis, Scenario analysis, Porters Five Forces Model, and Growth-share Matrix. To apply these classical strategic planning methods in a fast-changing IT environment, some of the limitations, may it be due to narrow application it initially was designed for, or the changes in macro business environments, or the increased paces in those changes, suggest that the traditional usage of those classical strategic planning methods may not be adequate to achieve the ideal outcomes.