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Enterprise Flight Envelope: Conceptual Dynamic Framework for Crisis Management

Author

Listed:
  • Veronika Zelena

    (Faculty of Management, University of Economics, Czech Republic)

  • Jan Voracek

    (Faculty of Management, University of Economics, Czech Republic)

Abstract

We propose a new tool for strategic planning and management, which significantly extends clarity and expressiveness of traditionally used analytic and visualization techniques. Innovativeness of our solution insists in the projection of dynamic responses of a particular enterprise management flight simulator - i.e. the knowledge-based representation of a firm structure and behaviour - to the surrounding environment. The duality with the aircraft dynamics is straightforward – every plane is designed to manoeuvre safely inside a hyperspace, claimed by intersection of allowable control parameters. Company, similarly, can generate desired value for stakeholders only under certain combinations of external and internal circumstances. Although the benefits of managerial simulations are widely known, the idea of their extension with accompanying, dynamically changing security breakpoints is new. Beyond the regular management, our solution is extraordinarily convenient for complex cases, resulting possibly to process redesign or reengineering - such as crisis prediction and management. In these situations the state trajectory of managed system crosses envelope boundary and from that moment ineffective regular parametric control must be supplemented or replaced with appropriate structural changes.

Suggested Citation

  • Veronika Zelena & Jan Voracek, 2012. "Enterprise Flight Envelope: Conceptual Dynamic Framework for Crisis Management," Knowledge and Learning: Global Empowerment; Proceedings of the Management, Knowledge and Learning International Conference 2012, International School for Social and Business Studies, Celje, Slovenia.
  • Handle: RePEc:isv:mklp12:533-541
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    References listed on IDEAS

    as
    1. Pankaj Ghemawat, 2003. "Semiglobalization and international business strategy," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(2), pages 138-152, March.
    2. Williamson, Oliver E, 1993. "Calculativeness, Trust, and Economic Organization," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 453-486, April.
    3. Lode Li, 2002. "Information Sharing in a Supply Chain with Horizontal Competition," Management Science, INFORMS, vol. 48(9), pages 1196-1212, September.
    4. Hau L. Lee & Kut C. So & Christopher S. Tang, 2000. "The Value of Information Sharing in a Two-Level Supply Chain," Management Science, INFORMS, vol. 46(5), pages 626-643, May.
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