Issues in Strategic Decision Modelling

Fuente: arXiv
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Autore principale: Jennings, Paula
Natura: Preprint
Pubblicazione: 2008
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_version_ 1866912170615242752
author Jennings, Paula
author_facet Jennings, Paula
contents [Spreadsheet] Models are invaluable tools for strategic planning. Models help key decision makers develop a shared conceptual understanding of complex decisions, identify sensitivity factors and test management scenarios. Different modelling approaches are specialist areas in themselves. Model development can be onerous, expensive, time consuming, and often bewildering. It is also an iterative process where the true magnitude of the effort, time and data required is often not fully understood until well into the process. This paper explores the traditional approaches to strategic planning modelling commonly used in organisations and considers the application of a real-options approach to match and benefit from the increasing uncertainty in today's rapidly changing world.
format Preprint
id arxiv_https___arxiv_org_abs_0804_0937
institution arXiv
publishDate 2008
record_format arxiv
spellingShingle Issues in Strategic Decision Modelling
Jennings, Paula
Human-Computer Interaction
D.2.4; D.2.5; H.4.1; K.6.4; K.8.1
[Spreadsheet] Models are invaluable tools for strategic planning. Models help key decision makers develop a shared conceptual understanding of complex decisions, identify sensitivity factors and test management scenarios. Different modelling approaches are specialist areas in themselves. Model development can be onerous, expensive, time consuming, and often bewildering. It is also an iterative process where the true magnitude of the effort, time and data required is often not fully understood until well into the process. This paper explores the traditional approaches to strategic planning modelling commonly used in organisations and considers the application of a real-options approach to match and benefit from the increasing uncertainty in today's rapidly changing world.
title Issues in Strategic Decision Modelling
topic Human-Computer Interaction
D.2.4; D.2.5; H.4.1; K.6.4; K.8.1
url https://arxiv.org/abs/0804.0937