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Article
Publication date: 1 April 2003

Richard D. Wagner, Gary A. Miciunas MCR, Curtis Knapp and Christopher Mach

This paper presents the process and outcomes of developing a national capability for strategic and portfolio planning within SBC Communications, Inc., a Fortune 100…

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1170

Abstract

This paper presents the process and outcomes of developing a national capability for strategic and portfolio planning within SBC Communications, Inc., a Fortune 100 company, and reviews the progress made and lessons learned since this initiative was implemented in October 2001. At this time SBC Corporate Real Estate standardised the planning approach used by its regionalised staff in order to achieve consistent business practices. This multidisciplinary effort involved process design, development of tools and templates, training and deployment, facilitation and mentoring, production of prototype plans, and ongoing coaching during implementation in 2002. The new approach, featuring scenario planning and economic modelling, has elevated planning services to an advisory level by emphasising shareholder value while satisfying business unit needs. Within the first year of implementation, the process has been fully endorsed by corporate leadership and adopted by business unit management. Refinements to the planning approach and enhancements to the methodology are being incorporated on an ongoing basis as part of a continuous improvement programme.

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Journal of Corporate Real Estate, vol. 5 no. 2
Type: Research Article
ISSN: 1463-001X

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Article
Publication date: 21 September 2010

Ping He and Xiaoqing Hu

Individuals tend to simplify a complex portfolio decision problem into several manageable dimensions, each of which can frame their perception of risk.We check this view…

Abstract

Individuals tend to simplify a complex portfolio decision problem into several manageable dimensions, each of which can frame their perception of risk.We check this view by studying the effect of investment horizons on households’ portfolio decisions. Using the Survey of Consumer Finances (SCF) data, we find that households allocate more of their wealth in stocks if they report longer planning horizons. The existence of foreseeable expenditure significantly changes the dependence of risky stock investment on the planning horizon.We decompose the reported planning horizon into an objective part and a subjective mental accounting part, and find that the mental accounting part has a greater effect on household portfolio choice. This is consistent with the argument that individuals make investment decisions based on the horizon at which the risk is perceived rather than the horizon at which the investment reward or cash is needed.

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Review of Behavioural Finance, vol. 2 no. 2
Type: Research Article
ISSN: 1940-5979

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Article
Publication date: 1 April 2004

Jane E. Mather

As real estate departments and workplace organisations devote more attention to strategic planning, most of the work has focused on improving performance metrics and…

Abstract

As real estate departments and workplace organisations devote more attention to strategic planning, most of the work has focused on improving performance metrics and developing dashboards to communicate this information clearly and concisely. Yet these steps will take these organisations only part of the way. Once they have this information, they need to devote more time to developing strategies and plans. This review examines one of these activities ‐ developing high‐level occupancy plans. Representatives of the strategy and planning groups at ten leading corporations and the occupancy planning experts at seven service providers and system developers were interviewed for this survey. It was found that most firms continue to complete high‐level occupancy plans with tedious and time‐consuming data‐collection processes and spreadsheet analyses. These organisations could improve efficiency and the success of their plans in two ways: better analysis approaches and better data collection and organisation. This review summarises the best practices identified in these areas.

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Journal of Corporate Real Estate, vol. 6 no. 2
Type: Research Article
ISSN: 1463-001X

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Article
Publication date: 16 August 2011

Nico Nieboer

Following the neo‐liberal trend of less government intervention and more room for market forces, the introduction of private sector models in the public or non‐profit…

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6216

Abstract

Purpose

Following the neo‐liberal trend of less government intervention and more room for market forces, the introduction of private sector models in the public or non‐profit sector has gained a lot of attention and popularity. This has also been the case in several European non‐profit social housing sectors. This paper aims to reflect on the practicability of strategic business planning models in the Dutch non‐profit housing sector and to present suggestions for improvement of these models.

Design/methodology/approach

Case studies have been held among six Dutch non‐profit landlords. These case studies included interviews with both policy staff and staff responsible for individual investment projects.

Findings

In the Dutch non‐profit housing sector, models based on principles of strategic business planning and similar models have been applied to structure and to systematise decision making about investments in the housing stock. These models, however, appear to be unsuccessful in their impact on actual investments in estates or buildings. The main weakness is that these models implicitly suppose a vertical, top‐down implementation of policies, whereas policies are also formed by other strategies, beliefs and motives in the organisation, either documented or undocumented.

Research limitations/implications

The research is confined to the Dutch non‐profit housing sector. However, similarities of the findings with other policy implementation studies suggest that the implications for strategic planning models also apply in many other non‐profit sectors and maybe even in commercial sectors.

Originality/value

This paper challenges classic strategic planning models and gives an adapted version of these models which meets the shortcomings identified in the research.

Details

Property Management, vol. 29 no. 4
Type: Research Article
ISSN: 0263-7472

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Article
Publication date: 25 February 2014

Jessica Bruch and Monica Bellgran

– The purpose of the research presented is to analyse and discuss critical challenges related to the development of a production system portfolio.

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1305

Abstract

Purpose

The purpose of the research presented is to analyse and discuss critical challenges related to the development of a production system portfolio.

Design/methodology/approach

The study employs a longitudinal case study of an industrialization project at a global supplier in the automotive industry.

Findings

This research makes two clear theoretical contributions. First, it extends the existing research on the manufacturing and R&D interface by proposing an innovative structure for production system development facilitating manufacturing companies in their efforts of being fast and cost-effective when introducing new products to the market. Second, this research identifies challenges related to the adoption of a production system portfolio and the necessary actions of a manufacturing company applying such a portfolio strategy.

Research limitations/implications

The findings should be seen as a first attempt at assisting the development of a production system portfolio that matches the product portfolio. However, since the findings are based on only one case, the findings are to some extent context-specific and thus need to be complemented by more research.

Practical implications

The research unveils challenges related to production system development and provides managers with a better understanding of some of the implications of the adoption of a portfolio strategy.

Originality/value

This empirical study is among the first to explore the implications of a production system portfolio strategy. It advances the understanding towards a fully integrated product and production system development.

Details

Journal of Manufacturing Technology Management, vol. 25 no. 2
Type: Research Article
ISSN: 1741-038X

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Article
Publication date: 3 May 2011

Payam Hanafizadeh, Abolfazl Kazazi and Azam Jalili Bolhasani

Scenario planning has significant applications in the field of strategic management and facilitating decision making under uncertainty, and hence this study aims to…

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3681

Abstract

Purpose

Scenario planning has significant applications in the field of strategic management and facilitating decision making under uncertainty, and hence this study aims to integrate scenario planning and the preference ranking organisation method for enrichment evaluations (PROMETHEE) method to propose a new methodology to design a portfolio.

Design/methodology/approach

The methodology has been designed in two stages, the first of which identifies the investment environment in Iran and defines possible scenarios for the future based upon the opinion of experts and uncertainties established in the identified environment. In the second stage, the views of experts are elicited on business area performance within each scenario. The business areas are subsequently ranked based on their final performance scores in each scenario area using the PROMETHEE method. Through use of a linear programming model, the percentage of investment in each business area is then determined according to the net flow of the area (i.e. the priority of a certain area relative to others).

Findings

The portfolio design in an Iranian investment company has been considered as a case study. The building industry and cement industry have been selected as preferable strategic business areas based on hypothetical scenarios for investment environment in Iran over five years (2008‐2012) and the strategies of the investment company.

Originality/value

The integration of scenario planning and multi‐criteria decision analysis (MCDA) holds great potential for strategic decision support due to the complementary nature of these two approaches. In this article, the authors provide a methodology to apply scenario planning alongside other MCDA methods to portfolio design, focusing on an innovative use of the PROMETHEE method with scenario planning.

Details

Management Decision, vol. 49 no. 4
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 1 April 2003

Francisco J. Acoba and Scott P. Foster

In their recent client engagement experience and benchmarking research, the authors have found that successful management models for corporate real estate (CRE…

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1062

Abstract

In their recent client engagement experience and benchmarking research, the authors have found that successful management models for corporate real estate (CRE) organisations begin with integrated, robust processes, and not well designed organisational charts. As corporate missions can quickly change focus from high growth to cost reduction, the key to successful integration of all CRE elements is engaging in a strategic planning process that not only aligns the facilities infrastructure with the core business, but also drives CRE organisational initiatives relative to processes, people and enabling systems. This paper attempts to capture a practical framework for CRE managers to evaluate changes to the core business and determine what implications these changes will have on both the CRE portfolio and organisation.

Details

Journal of Corporate Real Estate, vol. 5 no. 2
Type: Research Article
ISSN: 1463-001X

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Article
Publication date: 26 October 2020

Vassilios Ziakas and Donald Getz

This paper aims to examine how various academic disciplines shape the field of event portfolio management. Given the complex nature of portfolios comprising different…

Abstract

Purpose

This paper aims to examine how various academic disciplines shape the field of event portfolio management. Given the complex nature of portfolios comprising different genres that are studied separately from their respective disciplinary realms, the academic event portfolio landscape remains fragmented. This is against the nature of portfolios, which requires inter-disciplinarity and novel integration of genres, stakeholders and perspectives.

Design/methodology/approach

Based on a scoping literature review, this conceptual paper sets up a common ground for the academic study and industrial development of event portfolio management.

Findings

A comprehensive view of event portfolio literature across disciplines reveals its hypostasis as a compound transdisciplinary field. The authors suggest a set of foundational premises whereby they identify 22 principal thematic areas that comprise this emerging field.

Practical implications

The establishment of event portfolio management as a distinct field will help in the osmosis and diffusion of new ideas, models and best practices to run and leverage portfolios. The portfolio perspective highlights the need for cohesive learning to design comprehensive systems of events, implement joint strategies, solidify social networks, coordinate multiple stakeholders and develop methods of holistic evaluation.

Originality/value

By examining comprehensively event portfolio management as a transdisciplinary field, the authors have been able to identify principal research directions and priorities. This comprehensive analysis provides a synergistic ground, which at this embryonic stage of development, can be used to set out joint trajectories and reciprocal foci across the whole span of scholarship studying planned series of events.

Details

International Journal of Contemporary Hospitality Management, vol. 32 no. 11
Type: Research Article
ISSN: 0959-6119

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Article
Publication date: 1 April 1985

Frederick W. Gluck

If corporate America's love affair with 1970s‐style strategic planning is not over, it is certainly on the rocks. Planning that relies on past experience, extrapolation…

Abstract

If corporate America's love affair with 1970s‐style strategic planning is not over, it is certainly on the rocks. Planning that relies on past experience, extrapolation, and incremental moves cannot meet today's challenges, such as unexpected competition, saturated markets, and changing technologies.

Details

Journal of Business Strategy, vol. 6 no. 2
Type: Research Article
ISSN: 0275-6668

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Article
Publication date: 1 April 1986

The Nature of Business Policy Business policy — or general management — is concerned with the following six major functions:

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1255

Abstract

The Nature of Business Policy Business policy — or general management — is concerned with the following six major functions:

Details

Management Decision, vol. 24 no. 4
Type: Research Article
ISSN: 0025-1747

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