Hoffmann, ChristianChristianHoffmannGrösser, StefanStefanGrösser2024-11-192024-11-19201410.24451/arbor.7742https://doi.org/10.24451/arbor.7742https://arbor.bfh.ch/handle/arbor/32434We 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.conference_item