Strategic Planning and Decision Comprehensiveness

Bachelor Thesis , 2013 , 60 Pages , Grade: 11

Business economics - Business Management, Corporate Governance

The effects of strategic planning and decision comprehensiveness on decision quality have long interested strategic decision making researchers. However, there is large dispute on that topic among former researchers.
This thesis gives an overview of the existing literature of strategic planning and decision comprehensiveness, relevant to both practice and theory. Therefore, different databases have been scanned and high quality papers have been selected. Through the examination of the existing literature and the precise recombination of the different findings, this thesis provides a broad appraisal of the factors that have been identified as essential when deploying strategic planning and decision comprehensiveness. The thesis provides a wide arrange of recommendations for the implementation based on these results.

Table of Contents

1. Introduction
1.1 Aim of the Thesis
1.2 Methodology
1.3 Structure of the Thesis

2. Basics
2.1 Definition of Strategic Planning
2.2 Definition of Decision Comprehensiveness
2.3 Determining Factors
2.3.1 Environmental Factors
Environmental Uncertainty
Environmental Change
Environmental Complexity
Technology Uncertainty
Demand Uncertainty
Munificence
Competitor Activities
Home Country
2.3.2 Organizational Factors
Top Management Team Characteristics
Internal Power Structure
Organization Age
Firm Size
2.3.3 Decision Specific Factors
Decision Complexity
Time Horizon
2.4 Introduction of the Papers

3. Analysis of the Factors
3.1 Environmental Factors
Environmental Uncertainty
Environmental Change
Environmental Complexity
Technology Uncertainty
Demand Uncertainty
Munificence
Competitor Activities
Home country
3.2 Organizational Factors
Top Management Team Characteristics
Internal Power Structure
Organization Age
Firm Size
3.3 Decision Specific Factors
Decision Complexity
Time Horizon

4. Discussion and Conclusions

5. Limitations

Table of Figures

Figure 1 – Overview of the literature

Figure 2 – Efficacy of strategic planning and decision comprehensiveness

Table of Abbreviations

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• College: University of Marburg
• Course: Strategisches und Internationales Management
• Grade: 11
• Author: Tizia Rabea Zizmann (Author)
• Publication Year: 2013
• Pages: 60
• Catalog Number: V264998
• ISBN (eBook): 9783656544197
• ISBN (Book): 9783656544807
• Language: English
• Tags: strategic, planning, decision, comprehensiveness