This chapter takes a first step toward closing the gap between traditional corporate finance theory and strategic planning. To put issues in a broad perspective, figure 1.1 summarizes three approaches to strategic planning and their impact on the market value of the firm. This conceptual framework aligns the design of an investment strategy with the value of the firm. Consider the various sourc...

LIKE MANY PUBLIC SECTOR ORGANISATIONS, POLICE SERVICES HAVE HAD to pay increasing attention to strategic planning in recent years. This has been precipitated by community and government calls for improved accountability, and the accelerating pace of reform within police services. In responding to this need, police services are experiencing many of the problems familiar to large organisations wh...

Enterprise resource planning (ERP) systems are highly complex information systems. The implementation of these systems is a difficult and high cost proposition that places tremendous demands on corporate time and resources. Many ERP implementations have been classified as failures because they did not achieve predetermined corporate goals. This article identifies success factors, software selec...

Today, enterprise resource planning (ERP) software systems are one the fastest growing segments of the business–software industry. They offer a single system linking all corporate operations, including planning, manufacturing, sales, vendor relations, inventory control, human resources, and accounting. Companies around the world spent billions of dollars and expended untold man-hours installing...

This article describes how a medium-sized, Midwestern power company implemented an IT alignment planning process. The IT alignment planning process was a successful four-year activity that involved, first, a pilot implementation and then a companywide implementation of the IT alignment planning process. Designed to be flexible and to dovetail with corporate strategic planning processes, IT alig...

Portal technology can significantly improve the entire corporate information infrastructure. The approach proposed is based on rigorous and consistent (meta)data model and provides for efficient and accurate front-end integration of heterogeneous corporate applications including enterprise resource planning (ERP) systems, multimedia data warehouses and proprietary content databases. The methodo...

A recently published meta-analysis of the impact of strategic planning on financial performance omitted a major study of corporate planning practice in Fortune 500 manufacturing firms. This article briefiy reviews that study in light of the results of the meta-analysis. Additional analysis examines performance and firm survival over a longer time period than in the original work. The overall co...

corporate support for entrepreneurship is the most important element for the development of corporate entrepreneurship and is considered as one of the main corporate entrepreneurial antecedents. it involves trust in corporate staff and training them for promoting recognition of opportunities, exploring new and valuable resources, innovative productions and profit-making processes. corporate sup...

This paper examines interlocks among the governing boards of 12 leading policyplanning organizations and changes in the structure of this network between 1973 and 2000. Methods of multidimensional scaling and hierarchical clustering are used to construct topographical maps of the pattern of interlocks among policy-planning groups and their change over time. In contrast to the findings on corpor...

Thomas H. Naylor is Professor of Economics and Business Administration a t the Fuqua School of Business at Duke University. He is also Director of the Center for Corporate Economics and Strategy at Duke and Managing Director of The Naylor Group, a management consulting group which specializes in strategic planning. He was' the founder of SIMPLAN Systems, Inc., and served as its president for ni...