Excerpt from Formal Planning Systems, Their Role in Strategy Formulation and Implementation
This paper attempts to survey the empirical - based research literature on long-range formal planning processes for corporations, and to assess the state of the art of the research-based body of knowledge on formal planning systems. Its scope is thus limited in several ways. First, we shall be dealing solely with the planning process as it goes on in profit making corporations. Thus, although our discussion might have relevance for a broader set of applications, planning in organizations such as those in the public sector will not be discussed. Further, we shall limit ourselves to formalized planning processes. Formalized systems become particularly useful in instances where the company has grown too diverse, big, or interrelated to handle planning informally. Not surprisingly, therefore, most of the research findings to be discussed will be dealing with larger organizations. And since formal planning concepts have been extensively developed by companies in the industrial sector, we shall confine ourselves to discussing planning efforts in large, complex industrial corporations.
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Paperback. Condition: New. Print on Demand. This book explores the vital role of formal planning systems in developing and implementing a successful business strategy. The author delves into extensive research on long-range planning processes, examining empirical evidence to assess the state of knowledge on planning systems. Drawing on real-life case studies, the book identifies common pitfalls in planning and offers insights into how effective systems can contribute to improved performance. The author emphasizes the need for contingency-based approaches, where planning systems are tailored to the specific strategic and situational contexts of organizations. By understanding the relationship between planning system design and organizational needs, companies can harness the power of formal planning to drive their strategic decision-making and achieve competitive advantage. This book provides valuable guidance for executives and managers seeking to enhance their planning capabilities and leverage them for organizational success. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332714216_0
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