Artículos relacionados a Strategic Control: A Framework for Effective Response...

Strategic Control: A Framework for Effective Response to Environmental Change (Classic Reprint) - Tapa blanda

Lorange, Peter

 
9781332283279: Strategic Control: A Framework for Effective Response to Environmental Change (Classic Reprint)

Sinopsis

Excerpt from Strategic Control: A Framework for Effective Response to Environmental Change

There are, of course, an infinite number of events that might take place and that potentially might affect one's company. Nobody will be able to isolate all these factors ahead of time; the basic notion of uncertainty implies that events will cause a greater or lesser surprise to the company. Consequently, there is little we can add about outguessing the future. However, we shall suggest a way of thinking about key environmental factors that will put the task of scanning the environment into a better focus, in terms of connecting it to the process of allocating resources within the company.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

Excerpt from Strategic Control: A Framework for Effective Response to Environmental Change

There are, of course, an infinite number of events that might take place and that potentially might affect one's company. Nobody will be able to isolate all these factors ahead of time; the basic notion of uncertainty implies that events will cause a greater or lesser surprise to the company. Consequently, there is little we can add about outguessing the future. However, we shall suggest a way of thinking about key environmental factors that will put the task of scanning the environment into a better focus, in terms of connecting it to the process of allocating resources within the company.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Reseña del editor

Excerpt from Strategic Control: A Framework for Effective Response to Environmental Change

An occasional criticisms of corporate strategic planning is that too formalized a plan may stifle the company's ability to react fast enough to unexpected environmental opportunities and/or threats. To a large extent we disagree with such a criticism because we feel that it rests on a major misconception that planning can significantly reduce the uncertainty in the firm's environment. Rather, all that planning can do is to help the corporation assess the riskiness of the various strategic options it faces, analyze potential consequences of unforeseen environmental events so that it can be better prepared to react and to choose, and pursue a set of strategies that represents an acceptable level of risk for the company when seen as one corporate portfolio. In order for planning to fulfill its proper role in a rapidly changing business environment, it is necessary that the company develop the capability to assess the impact of and react to unexpected environmental developments. We find that several companies which are doing a good job of planning are handling less well the monitoring of the plan in light of more recent developments in the environment. In this respect we shall concede that there might be some truth to the statement of criticism in the opening sentence of this article, but, this is more in the nature of a criticism of the planning function as currently developed in these companies, rather than a valid criticism of strategic planning itself. Accordingly, in the following we shall suggest an approach for strengthening a firm's capability to assess the impacts from environmental factors and to react to these.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

"Sobre este título" puede pertenecer a otra edición de este libro.