PUBLICACIONES

Supporting Strategy using System Dynamics

ISI: Supporting Strategy using System Dynamics

JUAN PABLO TORRES C., MARTIN KUNC., FRANCES O'BRIEN.

2017 - European Journal of Operational Research - Vol. 260, Issue 3, Pp 1081-1094

Abstract

This paper presents a protocol for supporting strategy development via system dynamics (SD) modeling in consultation with Chief Executive Officers (CEOs) of small organizations; it also reports on the effectiveness of this protocol one year after an initial study was conducted. The protocol was applied in five small organizations; it involves the development of a SD model that is used to generate scenarios of alternative strategic situations an organization may face. We found that when the CEOs identified more feedback loops and causal relationships among key resources through their modeling analyses, they increased their capacities to generate new strategic ideas through more developed mental models. However, those CEOs who were not able to generate alternative strategic ideas to overcome the challenges of scenarios presented during the simulation sessions found it difficult to make strategic decisions when the scenarios occurred one year after our intervention. This finding suggests that SD modeling can affect firm performance when the facilitation process helps CEOs reflect on potential strategic actions that can be taken in the future. When CEOs cannot change their strategic plans by imagining what should be done in a challenging scenario, they are not able to address challenging situations when they arise.

Keywords

Strategic Planning, Decision Processes, System Dynamics Modeling

¿Quieres seguir leyendo? [Accede a la publicación completa]

El no utilizar estándares de sostenibilidad significa que algo estamos dejando de hacer

La crisis surgida en Quintero y Puchuncaví deja abiertas varias interrogantes que por ahora parecen estar lejos de resolverse, pues más allá de los episodios concretos que se v...

La Universidad de Chile propone mejorar los sesgos generados hacia las mujeres en el mundo laboral

Es necesario fortalecer y transferir herramientas conceptuales sobre el impacto que generan las diferencias de género en el trabajo. El pasado 09 de Agosto. El Observatorio de Gest...

Todos los Derechos © 2014 | Departamento de Administración - Facultad de Economía y Negocios - Universidad de Chile - Diagonal Paraguay 257, torre 26, oficina 1101, piso 11, Santiago, Chile.