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The Trade-Off Between Planning Objectives And Planning Success

Author

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  • LAVAL Valerian

    (West University of Timisoara, Romania)

Abstract

The aim of this paper it to analyse, why companies face difficulties in implementing modern planning concepts. For this the paper will discuss and define the terminology and goals of modern planning. Based on this, the article analyses how strategy orientation influences the willingness of companies to move from traditional budgeting to modern budgeting concepts. It will be outlined, why especially companies pursuing a cost leadership strategy are still reluctant to open themselves for modern budgeting concepts. The contribution of this paper is to analyse the influence of the strategy orientation on the readiness of organizations. Also it will be illustrated, how the overall value added of the corporate planning can be improved by prioritizing the most appropriate planning objectives.

Suggested Citation

  • LAVAL Valerian, 2016. "The Trade-Off Between Planning Objectives And Planning Success," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(3), pages 190-203, December.
  • Handle: RePEc:blg:journl:v:11:y:2016:i:3:p:190-203
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/11315laval.pdf
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    References listed on IDEAS

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    1. Luca Barbone & Mikhail Bonch-Osmolovskiyi & Matthias Luecke, 2013. "Labour Migration from the Eastern Partnership Countries: Evolution and Policy Options for Better Outcomes," CASE Network Reports 0113, CASE-Center for Social and Economic Research.
    2. Lukyanenko Iryna H. & Oliskevych Marianna O., 2014. "Labour market in Ukraine: an empirical dynamic analysis using error correction model," Bulletin of Taras Shevchenko National University of Kyiv. Economics. Вісник Киiвського нацiонального унiверситету iм. Тараса Шевченка. Серiя: Економiка, CyberLeninka;Издательско-полиграфический центр «Киевский университет», issue 159.
    3. Ryszard Rapacki & Mariusz Prochniak, 2009. "Real beta and sigma convergence in 27 transition countries, 1990-2005," Post-Communist Economies, Taylor & Francis Journals, vol. 21(3), pages 307-326.
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