Strategic Planning in Banks, Embedded in a Dynamically Complex Financial System.

We move towards a new economic reality for financial institutions,
emerging from one of the most difficult economic environments since
the Great Depression, an environment that has created dramatic changes
to the financial landscape. In this reality, attention to strategic decisionmaking and planning in banks is needed more than ever (Daruvala et
al., 2012). This study focuses on the question of whether banks’ strategic
planning and forecasting instruments are still valuable in today’s complex
financial systems. Drawing on complexity theories, we, first, argue that
traditional or existing methods of strategic planning are not appropriate.