Relying on the Information of Interested Parties: Implementing a Modern Planning System Recommended by a Leading International Consulting Group

Abstract

This study investigates the implications of the implementation of a new, modern planning system proposed by a leading international consulting company for a large state-owned corporation operating in the oil and gas sector. We draw on the literatures in economics, accounting, and management to identify the likely problems that will be engendered by the proposed planning system and propose a series of recommendations designed to reduce and, ideally, eliminate the unintended consequences. We also discuss some general implications of relying on the information of interested parties, such as external consulting companies.