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The role of scenario planning in exploring the environment in view of the limitations of PEST and its derivatives

Burt, George and Wright, George and Bradfield, Ron and Cairns, George and van der Heijden, Kees (2006) The role of scenario planning in exploring the environment in view of the limitations of PEST and its derivatives. International Studies of Management and Organization, 36 (2). pp. 52-57. ISSN 0020-8825

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Abstract

Adapting to change in the contextual environment is one of the key challenges for managers as they try to ensure the survival and longevity of their organization. Yet, both the literature and the textbooks on the subject area of the contextual environment lack unequivocal conceptual and practical guidance for managers interested in this area of management practice. In this paper, we evaluate the seminal studies on understanding the environment, as well as the leading North American and European strategy textbooks, to determine the contemporary appropriateness of the approaches advocated for analyzing the contextual environment and the implications these have for the managers of an organization. We discuss the limitations of these approaches and posit an alternative framework - scenario planning - to help improve the process of analyzing and understanding the environment and to help in adapting to change in the environment. We illustrate the advantages of scenario planning over other approaches using a case example.

Item type: Article
ID code: 4317
Keywords: risk management, change management, management theory, scenario planning, organisational theory, Management. Industrial Management, Business and International Management, Strategy and Management
Subjects: Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Department: Strathclyde Business School > Strategy and Organisation
Unknown Department
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 19 Oct 2007
    Last modified: 04 Sep 2014 16:57
    URI: http://strathprints.strath.ac.uk/id/eprint/4317

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