Why Great Planning Strategies Fail

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A key to effective planning in today’s hyperlinked world is reducing “time to action” — gaining new knowledge and making it actionable so that you can make your move ahead of the competition and before market shifts put you behind the curve.

Whether a vacation, a new house, or next year’s revenues — any plan for future action is based on assumptions. Some assumptions — for example, “No one will get sick,” “The building will be sound,” or “This year’s revenues are the baseline” — are so basic that they don’t need to be recorded or discussed. Other assumptions, however, … Read the rest