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Strategic Planning To Cope With Uncertainty
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Book Synopsis Scenario-based Strategic Planning by : Burkhard Schwenker
Download or read book Scenario-based Strategic Planning written by Burkhard Schwenker and published by Springer Science & Business Media. This book was released on 2013-12-05 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world characterized by increasing complexity and volatility, managers must be able to flexibly adapt their strategies to changing environmental conditions. Traditional strategic management frameworks often fail in this context. Therefore, we present "scenario-based strategic planning" as a framework for strategic management in an uncertain world. Previous approaches to scenario planning were complex and focused on the long term, but the approach developed by Roland Berger and the Center for Strategy and Scenario Planning at HHL Leipzig Graduate School of Management is different. By designing appropriate tools and integrating scenario planning into strategic planning, we have made our approach less complex and easier for firms to apply. We illustrate the approach with examples from different industries.
Book Synopsis Managing Uncertainty by : Michel Syrett
Download or read book Managing Uncertainty written by Michel Syrett and published by The Economist. This book was released on 2014-02-25 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing uncertainty has become a new business imperative. Technological discontinuities, regulatory upheavals, geopolitical shocks, abrupt shifts in consumer tastes or behavior, and many other factors have emerged or intensified in recent years and together conspire to undermine even the most carefully constructed business strategies. Managing Uncertainty: Strategies for Surviving and Thriving in Turbulent Times addresses these new challenges, assessing the sources of business turbulence, how to classify uncertainty, and the different ways in which uncertainty can be embraced to allow greater innovation and growth. Drawing on examples from around the world, the book presents the most recent ideas on what it means to manage uncertainty, from practitioners, academics, and consultants. Addresses the challenges of managing uncertainty in business Presents a step-by-step guide to managing business uncertainty Draws examples from major international companies, including Intel, Procter & Gamble, Siemens, Boeing, Quinetiq, Philips, China Telecom, Ford, Apple, Shell, Glaxo SmithKline and many more Written for business leaders and managers looking for new ways to ensure that their businesses continue to thrive in a world of increasing complexity, Managing Uncertainty presents new and innovative ideas about reducing risk by understanding difficult-to-predict shifts.
Book Synopsis Strategic Planning to Cope with Uncertainty by : Jack M. Guttentag
Download or read book Strategic Planning to Cope with Uncertainty written by Jack M. Guttentag and published by . This book was released on 1986 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategy Beyond the Hockey Stick by : Chris Bradley
Download or read book Strategy Beyond the Hockey Stick written by Chris Bradley and published by John Wiley & Sons. This book was released on 2018-02-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beat the odds with a bold strategy from McKinsey & Company "Every once in a while, a genuinely fresh approach to business strategy appears" —legendary business professor Richard Rumelt, UCLA McKinsey & Company's newest, most definitive, and most irreverent book on strategy—which thousands of executives are already using—is a must-read for all C-suite executives looking to create winning corporate strategies. Strategy Beyond the Hockey Stick is spearheading an empirical revolution in the field of strategy. Based on an extensive analysis of the key factors that drove the long-term performance of thousands of global companies, the book offers a ground-breaking formula that enables you to objectively assess your strategy's real odds of future success. "This book is fundamental. The principles laid out here, with compelling data, are a great way around the social pitfalls in strategy development." —Frans Van Houten, CEO, Royal Philips N.V. The authors have discovered that over a 10-year period, just 1 in 12 companies manage to jump from the middle tier of corporate performance—where 60% of companies reside, making very little economic profit—to the top quintile where 90% of global economic profit is made. This movement does not happen by magic—it depends on your company's current position, the trends it faces, and the big moves you make to give it the strongest chance of vaulting over the competition. This is not another strategy framework. Rather, Strategy Beyond the Hockey Stick shows, through empirical analysis and the experiences of dozens of companies that have successfully made multiple big moves, that to dramatically improve performance, you have to overcome incrementalism and corporate inertia. "A different kind of book—I couldn't put it down. Inspiring new insights on the facts of what it takes to move a company's performance, combined with practical advice on how to deal with real-life dynamics in management teams." —Jane Fraser, CEO, Citigroup Latin America
Book Synopsis Scenario-Driven Planning by : Nicholas C. Georgantzas
Download or read book Scenario-Driven Planning written by Nicholas C. Georgantzas and published by Praeger. This book was released on 1995-02-28 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: "... This book undertakes the following tasks. 1. Charting the principal weakness of disconnected forecasts or wishes, including their lack of compatibility both in substance and in terms of their implicit assumptions. 2. Explaining the advantage of using internally coherent scenarios or scenario bundles. 3. Explaining the advantage of using computed decision scenarios. These allow an examination of the joint consequences of changes in the environment and in a firm's strategy, and not mistaking mere environmental hypothesizing for scenario-driven planning."--Introd., p. xx.
Book Synopsis Strategic Reframing by : Rafael Ramírez
Download or read book Strategic Reframing written by Rafael Ramírez and published by Oxford University Press. This book was released on 2016 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides clear information and guidance on how to do scenario planning to support strategy and public policy. The book describes the Oxford Scenario Planning Approach (OSPA), an intellectually rigorous and practical methodolgy.
Book Synopsis Managing Project Uncertainty by : David Cleden
Download or read book Managing Project Uncertainty written by David Cleden and published by Routledge. This book was released on 2017-03-02 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dealing effectively with uncertainty requires today's project manager to be familiar with a broad spectrum of strategies, encompassing both 'hard' and 'soft' methods. This theme of unified thinking (i.e. the need to selectively draw upon a wide range of strategies in any given situation) will differentiate the book from its contemporaries. By picking up where traditional risk management techniques begin to fail, it brings together leading-edge thinking from a variety of disciplines and shows how these techniques can be used to conquer uncertainty in projects. The ability to make good decisions when faced with uncertainty is the real challenge. It is a universal truth that a decision is only as good as the information it is based on. But good information is often hard to come by, and all projects are vulnerable to the unknown and the unknowable. Thus, uncertainty becomes the sworn enemy of the project manager. Wherever we try to analyse, quantify, plan and act, uncertainty lies in wait to surprise us with its ambiguity and unpredictability. It lurks in every stage of the project lifecycle: in the planning (how long will this really take?), the initiation (this isn't the situation I expected!), the execution (who could have foreseen that happening?), and even the completion of a project (where are the expected benefits?). But managing uncertainty is a lot more than just applying risk management techniques. It requires a deep appreciation of how uncertainty arises and, by recognising its different guises, the appropriate strategies can be formulated. If we can learn how to reduce uncertainty, we can make better management decisions and increase the chances of the project succeeding. This book addresses five key questions: ¢ Why is there uncertainty in projects? ¢ How do you spot the symptoms of uncertainty, preferably at an early stage? ¢ What can be done to avoid uncertainty? ¢ What strategies can be used to deal with project uncertainty? ¢ How can both the individual and the organisation learn to cope more effectively in the future? The reader is assumed to be a either a project management professional, or a senior manager looking for ways to improve project management strategy within their organisation. As such, a foundation in project management basics is assumed, although not essential. The book then builds on this by exposing new ideas and concepts, and shows how these can be harnessed to tackle uncertainty in its many guises.
Book Synopsis Strategic Planning by International Banks to Cope with Uncertainty by : Jack M. Guttentag
Download or read book Strategic Planning by International Banks to Cope with Uncertainty written by Jack M. Guttentag and published by . This book was released on 1984 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Business Strategy by : J.-C. Spender
Download or read book Business Strategy written by J.-C. Spender and published by . This book was released on 2014 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emphasising that firms face uncertainties and unknowns, this book argues that the core of strategic thinking and processes rests on the organization and its leaders developing newly imagined solutions to the opportunities that these uncertainties open up. It presents new approaches for managers, consultants, strategy teachers and students.
Book Synopsis Managing Uncertainty in Crisis by : Xiaoli Lu
Download or read book Managing Uncertainty in Crisis written by Xiaoli Lu and published by Springer. This book was released on 2017-11-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the variety of organizational strategies selected to cope with critical uncertainties during crises. This research formulates and applies an institutional sense-making model to explain the selection of strategies for coping with uncertainties during crises to answer the question why some organizations select a rule-based strategy to cope with uncertainties, whereas others pursue a more ad hoc-based strategy. It finds that the level of institutionalization does not affect strategy selection in the initial phase of responding to crises; that three rigidity effects can be identified in the selection of sense-making strategies once organizations have faced the failure of their selected strategies; that discontinuities in the feedback loop of sense-making do not necessarily move organizations to switch their sense-making strategies, but interact with institutionalization to contribute to switching sense-making strategies. This book bridges the gap between institutional thinking and crisis management theorizing. A major step forward in the world of crisis management studies! ——Professor Arjen Boin, Leiden University, the Netherlands In a world of increasingly complex, sociotechnical systems interacting in high-risk environments, Professor Lu’s analysis of how organizations manage uncertainty is both timely and profound. ——Professor Louise K. Comfort, Director, Center for Disaster Management, University of Pittsburgh, USA Prof. Lu greatly enhances our understanding of how organizations cope with uncertainty and make sense of their challenges under the pressures of catastrophe. ——Dr. Arnold M. Howitt, Faculty Co-Director, Program on Crisis Leadership, Harvard Kennedy School, USA This book provides not only a theory of crisis management but also a key concept around which research and practice can be conducted. ——Professor Naim Kapucu, Director of School of Public Administration, University of Central Florida, USA A generic institutional model for analyzing and managing hazards, disasters and crises worldwide. ——Professor Joop Koppenjan, Erasmus University Rotterdam, the Netherlands This book has done an excellent job in opening the black box of how organizations make sense of the crisis situations they face and develop strategies to respond. It should be read by all of us who wish for a peaceful and safe world. ——Professor Lan Xue, Dean of School of Public Policy and Management, Tsinghua University, China
Book Synopsis Decision Making under Deep Uncertainty by : Vincent A. W. J. Marchau
Download or read book Decision Making under Deep Uncertainty written by Vincent A. W. J. Marchau and published by Springer. This book was released on 2019-04-04 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book focuses on both the theory and practice associated with the tools and approaches for decisionmaking in the face of deep uncertainty. It explores approaches and tools supporting the design of strategic plans under deep uncertainty, and their testing in the real world, including barriers and enablers for their use in practice. The book broadens traditional approaches and tools to include the analysis of actors and networks related to the problem at hand. It also shows how lessons learned in the application process can be used to improve the approaches and tools used in the design process. The book offers guidance in identifying and applying appropriate approaches and tools to design plans, as well as advice on implementing these plans in the real world. For decisionmakers and practitioners, the book includes realistic examples and practical guidelines that should help them understand what decisionmaking under deep uncertainty is and how it may be of assistance to them. Decision Making under Deep Uncertainty: From Theory to Practice is divided into four parts. Part I presents five approaches for designing strategic plans under deep uncertainty: Robust Decision Making, Dynamic Adaptive Planning, Dynamic Adaptive Policy Pathways, Info-Gap Decision Theory, and Engineering Options Analysis. Each approach is worked out in terms of its theoretical foundations, methodological steps to follow when using the approach, latest methodological insights, and challenges for improvement. In Part II, applications of each of these approaches are presented. Based on recent case studies, the practical implications of applying each approach are discussed in depth. Part III focuses on using the approaches and tools in real-world contexts, based on insights from real-world cases. Part IV contains conclusions and a synthesis of the lessons that can be drawn for designing, applying, and implementing strategic plans under deep uncertainty, as well as recommendations for future work. The publication of this book has been funded by the Radboud University, the RAND Corporation, Delft University of Technology, and Deltares.
Book Synopsis The Scenario-planning Handbook by : Bill Ralston
Download or read book The Scenario-planning Handbook written by Bill Ralston and published by South Western Educational Publishing. This book was released on 2006 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary objective of the book is to provide decisionmakers the insight and means to apply this technique in changing the way they think about and plan for the future. Scenario-based strategy both confronts and deals with uncertainty and leads to a strategy that is focused but resilient, specific but flexible. The handbook guides readers step by step through the sequence and intricacies of a scenario project and the subsequent strategic decision-making. It explains what scenarios are and are not, when they are needed, as well as their uses and benefits. It also deals with cultural and organizational changes that an organization must undertake to maximize the benefits of scenario-based planning.
Book Synopsis Coping with Uncertainty by : Jörg Gertel
Download or read book Coping with Uncertainty written by Jörg Gertel and published by Saqi Books. This book was released on 2018-08-13 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seven years after the Arab uprisings, the social situation has deteriorated across the Middle East and North Africa. Political, economic and personal insecurities have expanded while income from oil declined and tourist revenues have collapsed due to political instability. Against a backdrop of escalating armed conflicts and disintegrating state structures, many have been forced from their homes, creating millions of internally displaced persons and refugees. Young people are often the ones hit hardest by the turmoil. How do they cope with these ongoing uncertainties, and what drives them to pursue their own dreams in spite of these hardships? In this landmark volume, an international interdisciplinary team of researchers assess a survey of 9,000 sixteen- to thirty-year-olds from Bahrain, Egypt, Jordan, Lebanon, Morocco, Palestine, Syria, Tunisia and Yemen, resulting in the most comprehensive, in-depth study of young people in the MENA region to date. Given how rapidly events have moved in the Middle East and North Africa, the findings are in many regards unexpected.
Book Synopsis Situated Practices of Strategic Planning by : Louis Albrechts
Download or read book Situated Practices of Strategic Planning written by Louis Albrechts and published by Routledge. This book was released on 2016-07-22 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: All over the world societies are facing a number of major problems. New developments, challenges and opportunities cause these issues and yet cases tell us that traditional spatial planning responses and tools are often insufficient to tackle these problems and challenges. Situated Practices of Strategic Planning draws together examples from across the globe – from France to Australia; from Nigeria to the United States, as it observes international comparisons of the strategic planning process. Many approaches and policies used today fail to capture the dynamics of urban/regional transformation and are more concerned with maintaining an existing social order than challenging and transforming it. Stewarded by a team of highly regarded and experienced researchers, this book gives a synthetic view of the process of change and frames future directions of development. It is unique for its combination of analysis of international case studies and reflection on critical nodes and features in strategic planning. This volume will be of interest to students who study regional planning, academics, professional planners, and policy makers.
Book Synopsis Planning for Tomorrow, Today by : M. Burger
Download or read book Planning for Tomorrow, Today written by M. Burger and published by . This book was released on 2010 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exploratory study was focused on a number of Dutch forest and nature management organizations. Ten different organizations were analyzed, ranging from private organizations to governmental ones. The aim was to see if these organizations experience uncertainty and how it is taken into account in their planning practices, by investigating which type of planning is used. The theoretical basis of this study was formed by the categorization of planning as proposed by Mintzberg and Lampel (1999). Their study suggests that strategic planning can be divided into ten different approaches they call ‘planning schools’. Each planning school has its own characteristics and theoretical foundations. For every organization, the person who was responsible for planning (or very knowledgeable on the subject) was interviewed in a semi-structured manner, to investigate if the organization applied one of the ten planning schools in order to cope with uncertainty. The transcripts of these interviews were analyzed through the use of a qualitative deductive category application. The research was also used to get an overview of the different planning practices as applied by forest and management organizations across the Netherlands. The study showed that the organizations did not experience uncertainty very much. However, a number of strategies that are used, are mentioned in literature to be strategies for coping with uncertainty. Tactics like these include applying adaptive management strategies, reducing uncertainty by collecting additional information by e.g. improving knowledge through monitoring and reducing uncertainty by shortening timehorizons which improves the predictability of future events. The strategy that is used for coping with uncertainty is not directly linked to their planning practices. Organizations with similar strategies apply different planning practices. This means that most organizations indeed cope with uncertainty, often without them even being aware of it.
Book Synopsis Coping with Uncertainty by : Roger D. Fight
Download or read book Coping with Uncertainty written by Roger D. Fight and published by . This book was released on 1977 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Strategic Planning in International Banking by : Paolo Savona
Download or read book Strategic Planning in International Banking written by Paolo Savona and published by Springer. This book was released on 1986-06-18 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
