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Dynamic Modeling: Aligning Business and IT

A. Heene and H. Thomas (eds.), Dynamics of Competence Based Competition: Theory and Practice in the New Strategic Management, Pergamon, Oxford. Google Scholar Schwenk, C.R. (1984) ‘Cognitive simplification processes in strategic decision-making’, Strategic Management Journal, 5 (2), 111–128.Article Google Scholar Sterman, J.D. (1989) ‘Modeling managerial behavior: Misperceptions of feedback in a dynamic decision making experiment’, Management Science, 35 (3), 321–339.Article Google Scholar Sterman, J.D. (2000) Business Dynamics: Systems Thinking and Modeling in a Complex world, Irwin McGraw-Hill, Boston MA. Google Scholar Warren, K. (1999a) ‘The dynamics of strategy’, Business Strategy Review, 10 (3), 1–16.Article Google Scholar Warren, K. (1999b) ‘The dynamics of rivalry’, Business Strategy Review, 10 (4), 41–54.Article Google Scholar Warren, K. (2000) ‘The softer side of strategy dynamics’, Business Strategy Review, 11 (1), 45–58.Article Google Scholar Weick, K.E., Sutcliffe, K.M. and Obstfeld, D. (2005) ‘Organizing and the process of sensemaking’, Organization Science, 16 (4), 409–421.Article Google Scholar Van Riel, C.B.M. and Fombrun, C.J. (2007) Essentials of Corporate Communication, Routledge, Oxford, UK.Book Google Scholar Vennix, J.A.M. (1996) Group Model Building – Facilitating Team Learning Using System Dynamics, John Wiley and Sons, Chichester. Google Scholar Download references

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There’s a lot of attention being paid to the concept of agility right now. Given the world we’re living in, that’s hardly surprising. Against a backdrop of uncertainty, agile businesses have the ability to rapidly adjust their people and processes to create more value and react quickly to changing conditions. Yet, from a finance perspective, defining what we mean by agility can be tricky.In the previous article, we looked at five key areas for finance leaders to explore in order to guide their businesses through persistent change. Below, we dive into four specific elements of business agility, exploring finance’s role in aligning data, processes, and technology to support continuous change.Perform Continuous “What-If” Scenario ModelingVolatile conditions demand rapid scenario modeling to help companies respond with speed and insight to market disruption. My colleague Kinnari Desai has previously discussed best practices for financial scenario modeling, and it remains a crucial component for businesses looking to make data-driven decisions that help them grow and thrive as the world of work continues to evolve.According to McKinsey in the article “No Longer on Autopilot: Lessons for CFOs from COVID-19,” finance leaders should be focused on three or four independent scenarios that reflect short-term and long-term revenue and cost outlooks: “Each scenario should have a perspective on the length of potential economic decline, the depth of the decline, and the ramp-up to the next normal. Among them should be a momentum case—or a do-nothing scenario—that accounts for country-specific macroeconomic outcomes and sector-specific implications but excludes the execution of any strategic initiatives or the allocation of resources toward those initiatives.”Scenario modeling greatly improves the agility and flexibility of the planning process by providing some clarity on how the world could look against a range of potential paths. Armed with this data, FP&A leaders should be looking to

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Support Sign in Platform Solutions App Store Resources Pricing Customers About Sign in Support Languages Languages Get Started Get familiar with the key terms, queries, and concepts used in workflow management Related Glossary Control Compliance Communication Collaboration Claim Processing Citizen Developer Checklist Chart Change Management Case Manager Case Management Case Back to Glossary Claim RequestA claim request is a formal letter sent to a particular person or organization, asking for capital that belongs to you according to their policies.Resources Related Terms Related Terms Automation Audit Assignment Architecture Approval Application Development App API Analytics Algorithm Agile Related Terms Business Process Transformation Business Process Standardization Business Process Simulation Business Process Reengineering Business Process Outsourcing Business Process Optimization Business Process Monitoring Business Process Modeling Business Process Mapping Business Process Integration Business Process Improvement Business Process Engine Business Process Documentation Business Process Design Business Process Automation Business Process Architecture Business Process Analysis Business Process Business Automation BPMS BPM Bottleneck Related Terms Control Compliance Communication Collaboration Claim Processing Citizen Developer Checklist Chart Change Management Case Manager Case Management Case Related Terms Dynamic Case Management Drag and Drop Documentation Document Management Document DMAIC Digital Process Automation (DPA) Diagram Design Decision Deadline Dataset Dashboard Related Terms Execution Escalation End-To-End Process (E2E) Editor Related Terms Form Flow Related Terms Graphical User Interface (GUI) G Suite Related Terms HIPAA Related Terms Investigate Intelligent Integration Incident Management Incident Improvement iBPM Related Terms Knowledge Management Related Terms Low Code List Lean Process Related Terms Modeling Mapping Manual Related Terms No Code. Download Dynamic Modeling: Aligning Business and IT latest version for Windows free. Dynamic Modeling: Aligning Business and IT latest update: Download Dynamic Modeling: Aligning Business and IT latest version for Mac free. Dynamic Modeling: Aligning Business and IT latest update:

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At board level, as well as offering some tried and tested strategies for improving Board performance.' - Long Range Planning'A thoughtful analysis of successful board architecture and how to achieve the ideal dynamic partnership between shareholders and directors... fills a gap in the literature and will add value to all directors' work. Essential for succession planning.' - Director Magazine'This is a unique book, written to help boards... Boards, Chief Executives and Chairmen will find the evaluation questionnaire useful.' - Corporate Governance About the author ALLAN BLAKE is currently a Managing Consultant at the PA Consulting Group's Management Centre, working with a number of companies to help develop their boards and individual directors. Prior to that he worked at Leeds Business School where he contributed to the Institute of Directors distance learning programme. Bibliographic Information Book Title: Dynamic Directors Book Subtitle: Aligning Board Structure for Business Success Authors: Allan Blake DOI: Publisher: Palgrave Macmillan London eBook Packages: Palgrave Business & Management Collection, Business and Management (R0) Copyright Information: Allan Blake 1999 Hardcover ISBN: 978-0-333-73902-0Published: 18 June 1999 Softcover ISBN: 978-1-349-14891-2Published: 01 January 1999 eBook ISBN: 978-1-349-14889-9Published: 27 July 2016 Edition Number: 1 Number of Pages: XVI, 235 Topics: Management Publish with us Back to top

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