PurposeThe purpose of this paper is to assess the feasibility of strategic planning in times of turbulent economic conditions.Design/methodology/approachThis paper discusses how various Zimbabwean organizations incorporated the aspect of strategic planning during the period 2007‐2009 in order to establish its relevance in different economic situations.FindingsStrategic planning process is very difficult to carry out during turbulent economic conditions though there are some aspects of the process that are indispensible.Practical implicationsOrganizations can survive without sticking to their strategic plans in times of turbulent economic environment.Originality/valueThe situation that prevailed in Zimbabwe in 2007‐2009 was unique and this paper endeavours to analyse the feasibility of strategic planning in a turbulent economic environment.

The purpose of this paper is to review the literature on various theories that are used in organisations today to determine executive compensation. This paper analyses the relevance of the theories that are used to determine CEO compensation in modern corporations. The paper makes an attempt to review extensively the literature on CEO compensation. This paper looks at the concerns of sixteen theories of executive compensation. This paper further analyses the special features that are associated with CEO pay. These features help us to understand the problems that experts on executive pay experience when they try to define the exact CEO pay when compared to other rewards that are non financial. The drivers of executive pay are quantified and qualified in order to provide the conceptual background needed to understand the core factors that determine executive pay. Therefore the role of institutional investors in driving managerial salary is explored in detail. Finally, the effects of firm size and good corporate governance on executive pay are carefully analysed.