Enterprise Flight Envelope: Conceptual Dynamic Framework for Crisis Management

Veronika Zelena and Jan Voracek
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Veronika Zelena: Faculty of Management, University of Economics, Czech Republic
Jan Voracek: Faculty of Management, University of Economics, Czech Republic

from International School for Social and Business Studies, Celje, Slovenia

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.

Keywords: crisis management; performance measure; flight management simulators; redesign; reengineering (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:isv:mklp12:533-541

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