Introduction
Every organization will go through a change cycle due to demands of external pressure or
internal pressure. Organizational change is the transitioning of an organization from its current state
towards a desired future state (Palmer, Dunfin & Akin, 2006). Any type of organizational change
will involve changes to individual's roles and responsibilities and its natural that people will resist
when they feel threatened by these changes. Resistance to change is the unwillingness or an inability
to accept changes that is...
June 5, 2012
June 4, 2012
Scenario Planning & Strategy - Part 2
...continued from Part 1
4. Managing Uncertainty and Unpredictability
Orthodox strategic planning became popular in the 1960s, during the period consisting of primarily domestic competition, slow changes in industries and a predictable environment (McFarland, 2005). Orthodox strategic planning was appropriate in this environment. But today, business organizations operate in a volatile, hyper-competitive markets facing unpredictable events. Globalization has made business world closer and more connected than ever. Unpredictable...
June 1, 2012
Scenario Planning & Strategy - Part 1
1. Introduction
As the business environment gets turbulent with uncertainty, organizational decision making process is becoming very complex. Decision making is a vital part of a manager's daily activity especially in the strategic planning and management. In simple terms, strategy is about making decisions on the direction and scope of an organization over the long term (Johnson et al, 2010). This paper analyzes the usage of scenario thinking approach in strategic decision-making process in comparison with orthodox...
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