Strategic planning and strategic management accounting as a factor of supporting the sustainable development of production facilities during the global crisis
Subject During the global crisis, planning and forecasting processes are particularly important, as they are effective tools that underpin the economic strategy and enable to properly mitigate possible risks. Forecasting and planning provide business entities with a set of possible actions and solutions, which reduce uncertainty in the future. Objectives The article explores approaches to strategic management accounting and strategic planning, taking into account the specifics of the chemical industry. Methods The main method of the study is the analysis of works performed by schools of strategic planning and strategic management accounting. Results The paper reviews works performed by schools of strategic planning, considers emergent processes, and formulates basic requirements to be fulfilled by each effective competitive strategy. I offer my own definition of strategic management accounting, considering the company's industry affiliation. Conclusions Combining the ideas and tools of scenario and strategic planning will form the basis for innovative and integrative vision of creating a strategy that will ensure the sustainable development of chemical industry.
Keywords: strategic planning, sustainable development, global crisis, forecasting
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