Ordering the alternatives of a strategic plan for Valencia (Spain)

In this article we present an evaluation of the initiatives involved in a Strategic Plan for Valencia City (Spain) by applying a method to assist Multi‐Criteria Decision‐Making. The complexity of the case lies in the size of the problem, 47 alternatives and 10 criteria, as well as the need to reach a consensus on the final result. The method followed, which has been named PRES Multi‐expert, can be generalized and applied to other complex cases. Thirteen experts have participated in the process, representing different political and social groups of the City, a group of analysts, formed by three lecturers from the Polytechnic University of Valencia, and a consultant, representing the City Hall of Valencia. The PRES algorithm was used to order the alternatives developed in 1992 by Gómez‐Senent at this University. In this article we highlight the advantages of applying the Multi‐Criteria Decision‐Making Aid techniques and the importance of following a procedure to select the criteria, pondering on them and evaluating the alternatives. This procedure ensures that the parties interested in or affected by the decision take part in deciding what measures to adopt. The Multi‐expert PRES method facilitates this participation and can be adapted to different types of problems. Copyright © 2001 John Wiley & Sons, Ltd.     

The assessment of the non‐economic Environment in European companies

Abstract

The rapid changes in today's competitive environment can have a tremendous impact on company's performance. Companies have to tie resources to monitor these changes in order to survive. Political risk assessment is a managerial tool to cope with the uncertainties in the political environment.

The aim of the study was to find out how large European companies use this tool in their planning process. Of the responding companies 52.2 percent monitored their political environment regularly as a part of their on‐going planning process. Results of the study are presented in the paper.