Problems of the strategic planning systems implementation at industrial enterprises

Abstract

Purpose: to investigate the problems of implementing a strategic planning system in industrial enterprises. Design/Method/Research approach: A theoretical approach based on the generalization of available research, analysis, and comparison to identify obstacles to the strategic planning implementation in industrial enterprises Findings: It is substantiated that the strategy development and strategic planning system implementation are necessary conditions for a modern industrial enterprise's functioning due to the dynamism and instability of the economic environment. One of the most important factors influencing the economic entity's efficiency is the awareness of the need to implement a strategic planning system because it allows the company to achieve dynamic development and strengthen its market position. It is argued that among the problems that affect the strategic planning implementation in industrial enterprises, external factors of influence, internal factors of the organization, and factors related to the enterprise owner's motives. Theoretical implications: The research's theoretical significance is to change the research focus in strategic planning from external factors to the enterprise owner's motives research. Practical implications: Owners and top managers can use the research to prevent problems with the enterprise's strategic planning implementation. Originality/Value: The paper's originality is because, for the first time, the relationship between the dynamics and problems of strategic planning system implementation in industrial enterprises is considered by the personal motives of the enterprises' owners. Research limitations/Future research: Further research forecasts further analyze the relationship between external and internal factors influencing strategic planning system implementation problems in industrial enterprises. Paper type: theoretical.