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Scenario planning is as much art as science, and prone to a variety of traps (both in process and content) as enumerated by Paul J. H. Schoemaker. [14] More recently scenario planning has been discussed as a tool to improve the strategic agility, by cognitively preparing not only multiple scenarios but also multiple consistent strategies. [10]
Federal agencies with no existing planning processes are required to adopt the IPS. The IPS does not supersede any existing state, local, and tribal planning processes. However, it is the standard planning system that the Federal Government will use for scenario-based planning. The IPS is compatible with many existing planning systems.
Following the embedding of sustainability in a firm’s strategic management plan, to fully reap the benefits the agenda must be communicated effectively to internal and external stakeholders. Doing so satisfies stakeholder theory, whereby the firm maintains ‘trustful and mutually respectful relationships with the various stakeholders’. In ...
The model for such an exercise is what the investment management company Pimco did in the 2008 financial crisis, just before what came to be known as Lehman Weekend.
For strategic planning to work, it needs to include some formality (i.e., including an analysis of the internal and external environment and the stipulation of strategies, goals and plans based on these analyses), comprehensiveness (i.e., producing many strategic options before selecting the course to follow) and careful stakeholder management ...
This will include planning-centric software and the tools to support strategic and tactical planning for and across the enterprise, such as: strategy formation and scenario planning software (for example, supporting Sales and operations planning process) performance measurement and evaluation software; project management software
A number of examples link participatory community plans with local government planning. One widely applied example is South Africa's national policy of community-based planning methodology, and an adapted version, the Harmonised Participatory Planning Guide for Lower Level Local Governments, [48] which is national policy in Uganda.
The George W. Bush administration put the Continuity of Operations plan into effect for the first time directly following the September 11 attacks.Their implementation involved a rotating staff of 75 to 150 senior officials and other government workers from every federal executive department and other parts of the executive branch in two secure bunkers on the East Coast.