Thoughts on Planning: Why tools don’t matter THAT much
Around 80% of the issues that are discussed in a corporate planning project are totally tool-independent. More than that, the value added of introducing a new tool typically comes from a process redesign rather than from the tool itself.
Thoughts on Planning: How do you know if your planning is good”?”
Way more than in operational processes, corporate planning is very hard to evaluate. What tells you that your planning is “good”? What does “good” even mean? And is that worth the money your company spends on it? A new study in cooperation with a German university provides answers.
Thoughts on Planning: Do you really think that adding detail will improve accuracy?
Planning always means handling uncertainty. Organizations want to avoid uncertainty as good as possible, and they use planning as a means to achieve that. A frequent misunderstanding in doing so is that a more detailed planning automatically means a more accurate planning. The opposite can be the case.
Thoughts on Planning: Are you planning already or are you still playing budget poker?
Budgeting and Target-Setting have become a tradition in many companies, even though they can cause quite obvious negative side effects. Provocatively speaking, classical budgeting processes not only are very time-consuming and costly. They regularly force people to cheat.
Effectiveness Traps in Corporate Planning
The growing demand for forward-looking information will put a sharper focus on integrated corporate planning. Experience shows that the introduction of effective planning processes is a big challenge in many organizations.