It’s Past Time for the Next Generation of Business Planning
Business planning as practiced today is a relic, a process hemmed in by obsolete conceptions of what it should be. I use the term âbusiness planningâ to encompass all of the forward-looking activities in which companies routinely engage, including, for example, sales, production and head-count planning as well as budgeting. Companies need to take a fresh view of all these, adopting a new approach to business planning that while preserving continuity makes a substantial departure from what most companies do now.
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