Development of adaptive mechanisms for strategic planning through the lens of controlling approaches in a globalized economy

In the era of globalization, enterprises face unprecedented challenges arising from market volatility, rapid technological advancements, and the increasing complexity of global supply chains. Traditional strategic planning methods often lack the adaptability and foresight to navigate these challenges effectively. Integrating controlling approaches into strategic planning gives enterprises a framework to enhance resilience, flexibility, and competitiveness. Controlling facilitates real-time monitoring, risk assessment, and resource optimization, enabling organizations to align their operational capabilities with long-term objectives. This study emphasizes the role of adaptive mechanisms as a key component of strategic planning through controlling. Adaptive mechanisms enable enterprises to anticipate market dynamics, mitigate risks, and leverage emerging opportunities. The research highlights critical controlling functions, including dynamic forecasting, scenario planning, performance monitoring, and feedback mechanisms, which collectively ensure the agility and efficiency of strategic decisions. Furthermore, the study underscores the importance of integrating digital technologies, such as data analytics and enterprise resource planning systems, to enhance the precision and responsiveness of controlling processes. The article also explores the significance of fostering a culture of adaptability within organizations. Engaging stakeholders in planning ensures alignment with organizational goals while fostering innovation and proactive problem-solving. Future research directions include developing industry-specific applications of controlling-based adaptive mechanisms to address different sectors’ unique challenges. This approach aims to refine strategic planning practices and contribute to sustainable development in an increasingly interconnected and volatile global economy. Keywords: strategic planning, controlling, globalization, adaptive mechanisms, competitiveness.

Authors

Publication Details

Journal
Ukrainian Journal of Applied Economics and Technology
Published
2024-11-27
DOI
https://doi.org/10.36887/2415-8453-2024-4-66
Primary Topic
Economic and Business Development Strategies
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Development of adaptive mechanisms for strategic planning through the lens of controlling approaches in a globalized economy

Artur Yehiozarian
Ukrainian Journal of Applied Economics and Technology
Economic and Business Development Strategies
article

Development of adaptive mechanisms for strategic planning through the lens of controlling approaches in a globalized economy

Artur Yehiozarian
article en

Abstract

In the era of globalization, enterprises face unprecedented challenges arising from market volatility, rapid technological advancements, and the increasing complexity of global supply chains. Traditional strategic planning methods often lack the adaptability and foresight to navigate these challenges effectively. Integrating controlling approaches into strategic planning gives enterprises a framework to enhance resilience, flexibility, and competitiveness. Controlling facilitates real-time monitoring, risk assessment, and resource optimization, enabling organizations to align their operational capabilities with long-term objectives. This study emphasizes the role of adaptive mechanisms as a key component of strategic planning through controlling. Adaptive mechanisms enable enterprises to anticipate market dynamics, mitigate risks, and leverage emerging opportunities. The research highlights critical controlling functions, including dynamic forecasting, scenario planning, performance monitoring, and feedback mechanisms, which collectively ensure the agility and efficiency of strategic decisions. Furthermore, the study underscores the importance of integrating digital technologies, such as data analytics and enterprise resource planning systems, to enhance the precision and responsiveness of controlling processes. The article also explores the significance of fostering a culture of adaptability within organizations. Engaging stakeholders in planning ensures alignment with organizational goals while fostering innovation and proactive problem-solving. Future research directions include developing industry-specific applications of controlling-based adaptive mechanisms to address different sectors’ unique challenges. This approach aims to refine strategic planning practices and contribute to sustainable development in an increasingly interconnected and volatile global economy. Keywords: strategic planning, controlling, globalization, adaptive mechanisms, competitiveness.

Ukrainian Journal of Applied Economics and TechnologyVol. 2024(4)
Openalex Percentile: Top 67%
Economic and Business Development Strategies
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Development of adaptive mechanisms for strategic planning through the lens of controlling approaches in a globalized economy — Artur Yehiozarian · Ukrainian Journal of Applied Economics and Technology (2024) | TGRS Research Map | TGRS