Annual Budgeting and Long-Range Planning: Is There a Fit? — Lessons from Three Case Studies

2006 ◽  
pp. 145-178
2017 ◽  
Vol 33 (1) ◽  
pp. 16-18

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Strategic forecasting is seen as a rebirth of long-range planning, albeit with new methods and theories. Firms should make the building of strategic forecasting capability a priority. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.


Author(s):  
Holly M. Smith

Chapter 8 explores the Austere and Hybrid Responses to the problem of error. The two types of response are described in both ideal and non-ideal versions. Both are found wanting, but the Austere Response emerges as best. Codes endorsed by the Austere approach cannot be shown to meet the “goal-oriented” desiderata of maximizing social welfare, facilitating social cooperation and long-range planning, or guaranteeing the occurrence of the ideal pattern of actions. But Austere-endorsed codes do satisfy the conceptual desiderata for “usable” moral theories in the core (but not the extended) sense of “usability.” They are usable despite the agent’s false beliefs, and they provide agents with the opportunity to live a successful moral life according to the modest conception of this life. This chapter concludes that the only remedy for the problem of error is an Austere code containing a derivative duty for agents to gather information before acting.


1968 ◽  
Vol 11 (8) ◽  
pp. 12-21
Author(s):  
Ia. Kvasha ◽  
V. Krasovskii

1958 ◽  
Vol 6 (4) ◽  
pp. 552-560
Author(s):  
Earle Stewart

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