Business Planning

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The Experts below are selected from a list of 19002 Experts worldwide ranked by ideXlab platform

Andrea Niosi - One of the best experts on this subject based on the ideXlab platform.

Matthias G. Raith - One of the best experts on this subject based on the ideXlab platform.

  • the value of Business Planning before start up a decision theoretical perspective
    Journal of Business Venturing, 2012
    Co-Authors: Anne Chwolka, Matthias G. Raith
    Abstract:

    In this paper we analyze Business Planning from the perspective of the nascent entrepreneur. We measure its value for the entrepreneur at the point where he must decide whether or not to plan, and we contrast our results with empirical studies that compare firms' performance after market entry. Within a formal decision-theoretical framework we show that the value of Planning is driven by the possibility of evaluating alternative actions and being able to improve strategies. Before market entry, the main purpose of evaluation is to pursue good and terminate bad Business ideas. We show how the value of Planning is determined by the venture under consideration and how it depends on the quality of Planning. Our theoretical model yields several behavioral and statistical implications that we compare with empirical observations found in the literature. In particular, we show how our model of rational decision making can be used to explain important hypotheses and contradictory observations that have fueled the debate on Business Planning.

  • Perceiving the Value of Business Planning
    2009
    Co-Authors: Anne Chwolka, Matthias G. Raith
    Abstract:

    The value of Business Planning has been subject to much controversy over the past years. In-deed, there appears to be an escalation in empirical research, with opposing implications and diverging approaches to teaching entrepreneurship. Most empirical studies have taken an ex-post, comparative view of the relationship between Planning and performance. In this paper, we introduce an ex-ante perspective by formally characterizing the decision of the nascent entrepreneur whether or not to start a Business and whether or not to plan beforehand. We focus on the evaluative function of Business Planning, define the information value of busi-ness Planning, identify its influencing factors, and show how costs of Business Planning de-termine the quality of Planning. We find as the crucial aspect of good evaluative Business Planning that it helps to identify and to sort out poor Business ideas before they reach the mar-ket. We contrast our results with conclusions drawn from empirical studies that have been critical of Planning. In a setting in which, by construction, Planning has a positive value, we question several popular negative implications by showing how they result from an incom-plete sample of entrepreneurs.

David J Cooper - One of the best experts on this subject based on the ideXlab platform.

  • Business Planning as pedagogy: Language and control in a changing institutional field
    Strategy as Practice: Research Directions and Resources, 2007
    Co-Authors: Leslie S. Oakes, Barbara Townley, David J Cooper
    Abstract:

    Language and power are central to an understanding of control. This paper uses the work of Pierre Bourdieu to argue that an enriched view of power, in the form of symbolic violence, is central. We examine the pedagogi- cal function Business plans played in the provincial mu- seums and cultural heritage sites of Alberta, Canada. The struggle to name and legitimate practices occurs in the Business Planning process, excluding some knowledges and practices and teaching and utilizing other knowl- edges and ways of viewing the organization. We show that control involves both redirecting work and changing the identity of producers, in particular, how they under- stand their work through the construction of markets, consumers, and products. This process works by chang- ing the capital, in its multiple forms-symbolic, cultural, political and economic-in an organizational and institutional field.

  • Business Planning as pedagogy language and control in a changing institutional field
    Administrative Science Quarterly, 1998
    Co-Authors: Leslie S. Oakes, Barbara Townley, David J Cooper
    Abstract:

    Abstract Language and power are central to an understanding of control. This paper uses the work of Pierre Bourdieu to argue that an enriched view of power, in the form of symbolic violence, is central. We examine the pedagogical function Business plans played in the provincial museums and cultural heritage sites of Alberta, Canada. The struggle to name and legitimate practices occurs in the Business Planning process, excluding some knowledges and practices and teaching and utilizing other knowledges and ways of viewing the organization. We show that control involves both redirecting work and changing the identity of producers, in particular, how they understand their work through the construction of markets, consumers, and products. This process works by changing the capital, in its multiple forms – symbolic, cultural, political and economic – in an organizational and institutional field. Editors' introduction This paper is remarkable for several features. Above all, it surprises by revealing that the apparently mundane process of Business Planning in museums involves in fact a bitterly contested struggle for control, with considerable cultural significance. It makes a clear micro–macro link, connecting wider social processes of commercialization in the public sector to the detailed work of museum curators. The researchers demonstrate reflexivity about their role, almost to the point of self-consciousness. Finally, the paper introduces the social theory of Pierre Bourdieu to a new audience, in a manner that is clearly additive to other theoretical perspectives. On the other hand, as we discuss in the final commentary, opportunities for comparative analysis and close reporting of particular activities are not fully explored.

R.e. Mcquater - One of the best experts on this subject based on the ideXlab platform.

  • Managing for quality: the strategic issues
    International Journal of Technology Management, 2014
    Co-Authors: M. Wilcox, Barrie Dale, Ruth Boaden, R.e. Mcquater
    Abstract:

    This paper reports the findings of a research study with the theme being the integration and development of Total Quality Management (TQM). From detailed case study work carried out in six organizations, a five–part categorization has been developed which highlights the restraining forces in the process of integrating TQM into the Business Planning process. This categorization is summarized in this paper, which also gives two case histories of how quality improvement has been integrated with Business plans. Amongst the main findings of the study are that TQM will be difficult to sustain if it is not integrated with the Business Planning process of the organization.

Anne Chwolka - One of the best experts on this subject based on the ideXlab platform.

  • the value of Business Planning before start up a decision theoretical perspective
    Journal of Business Venturing, 2012
    Co-Authors: Anne Chwolka, Matthias G. Raith
    Abstract:

    In this paper we analyze Business Planning from the perspective of the nascent entrepreneur. We measure its value for the entrepreneur at the point where he must decide whether or not to plan, and we contrast our results with empirical studies that compare firms' performance after market entry. Within a formal decision-theoretical framework we show that the value of Planning is driven by the possibility of evaluating alternative actions and being able to improve strategies. Before market entry, the main purpose of evaluation is to pursue good and terminate bad Business ideas. We show how the value of Planning is determined by the venture under consideration and how it depends on the quality of Planning. Our theoretical model yields several behavioral and statistical implications that we compare with empirical observations found in the literature. In particular, we show how our model of rational decision making can be used to explain important hypotheses and contradictory observations that have fueled the debate on Business Planning.

  • Perceiving the Value of Business Planning
    2009
    Co-Authors: Anne Chwolka, Matthias G. Raith
    Abstract:

    The value of Business Planning has been subject to much controversy over the past years. In-deed, there appears to be an escalation in empirical research, with opposing implications and diverging approaches to teaching entrepreneurship. Most empirical studies have taken an ex-post, comparative view of the relationship between Planning and performance. In this paper, we introduce an ex-ante perspective by formally characterizing the decision of the nascent entrepreneur whether or not to start a Business and whether or not to plan beforehand. We focus on the evaluative function of Business Planning, define the information value of busi-ness Planning, identify its influencing factors, and show how costs of Business Planning de-termine the quality of Planning. We find as the crucial aspect of good evaluative Business Planning that it helps to identify and to sort out poor Business ideas before they reach the mar-ket. We contrast our results with conclusions drawn from empirical studies that have been critical of Planning. In a setting in which, by construction, Planning has a positive value, we question several popular negative implications by showing how they result from an incom-plete sample of entrepreneurs.