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A strategic framework for improbable circumstances

dc.contributor.authorKennon, Denzilen_ZA
dc.contributor.authorSchutte, Corne S. L.en_ZA
dc.date.accessioned2016-09-05T14:12:36Z
dc.date.available2016-09-05T14:12:36Z
dc.date.issued2015
dc.identifier.citationKennon, D. & Schutte, C. S. L. 2015. A strategic framework for improbable circumstances. South African Journal of Industrial Engineering, 26(2):68-84, doi:10.7166/26-2-977
dc.identifier.issn2224-7890 (online)
dc.identifier.issn1012-277X (print)
dc.identifier.otherdoi:10.7166/26-2-977
dc.identifier.urihttp://hdl.handle.net/10019.1/99564
dc.descriptionCITATION: Kennon, D. & Schutte, C. S. L. 2015. A strategic framework for improbable circumstances. South African Journal of Industrial Engineering, 26(2):68-84, doi:10.7166/26-2-977.
dc.descriptionThe original publication is available at http://sajie.journals.ac.za
dc.description.abstractRare events, known as ‘Black Swans’, have determined the course of history. One of these was the global economic crisis of 2008. Such events highlight fields like strategic management and their shortcomings in helping to prepare organisations. The Strategic Framework for Improbable Circumstances was designed to add to the strategic management process by improving organisational preparation for these rare events. The framework was validated through interviews with experts who showed the need for such a framework, and who confirmed that it is a good first step for organisations to take towards addressing these Black Swan events.en_ZA
dc.description.abstractRare gebeurtenisse, ook bekend as ‘Swart Swane’, het die verloop van die verlede bepaal. Een van hierdie gebeurtenisse was die wêreldwye ekonomiese krisis van 2008. Hierdie Swart Swane het die fokus geplaas op strategiese bestuur, en op die tekortkominge van hierdie studieveld om besighede beter voor te berei om Swart Swane beter te hanteer. Die Strategiese Raamwerk vir Onwaarskynlike Omstandighede is ontwikkel as ’n byvoeging tot die strategiese bestuursproses deur die organisasie se voorbereiding vir hierdie tipe gebeurtenisse te verbeter. Die validasie van die raamwerk was gedoen deur onderhoude met deskundiges wat bewys het dat so raamwerk benodig word, en uitgewys het dat dit ’n goeie eerste stap was vir besighede om Swart Swane te trotseer.af_ZA
dc.description.urihttp://sajie.journals.ac.za/pub/article/view/977
dc.format.extent17 pages
dc.language.isoen_ZAen_ZA
dc.publisherSAIIE
dc.subjectBlack swan eventsen_ZA
dc.subjectStrategic planningen_ZA
dc.titleA strategic framework for improbable circumstancesen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's version
dc.rights.holderAuthors retain copyright


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