The purpose of planning is to enable executives and managers to make better-informed decisions more consistently. Planning within an organization requires setting objectives and weighing the alternative methods of achieving those objectives, because there are usually multiple potential paths to success. The best results are achieved when the process considers a range of scenarios for an organization’s operating environment because the future is always uncertain. And planning also involves assessing the impact of various trade-offs because resources aren’t infinite. Executives who include these factors in their planning approach can see further and deeper into the future and therefore are equipped to make better decisions.
Agile Planning for Small and Midsize Organizations
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About the Author
SVP and Research Director
Robert Kugel is responsible for the Office of Finance and business research, focusing on the intersection of information technology with the finance organization and business. His research agenda includes the application of IT to finance and business process optimization, looking particularly at ERP and continuous accounting, financial performance management, predictive planning, price and revenue management, revenue and lease accounting and robotic finance.