O&E: Planning School

Question 1

Differences between design and planning school:

Answer 1

1. Process complexity:
   - Design School is simple and informal.
   - Planning School is formal with detailed steps.
2. Role of the CEO:
   - In Design School, CEO is the sole strategist (architect).
   - In Planning School, planners play a major role, but the CEO remains the architect.

Question 2

Name and explain the 3 applications in strategy:

Answer 2

1. Scenario planning
2. Real options
3. Strategic control

Question 3

Limitations of Planning School:

Answer 3

• Fallacy of predetermination
• Fallacy of detachment
• Fallacy of formalization
• The grand fallacy of strategic planning