The traditional approach
We mentioned earlier that perhaps only one in 20 businesses have a plan. That still adds up to a large number of companies that conduct some type of planning activity.
In our experience, most of these companies engage in a plan-building activity that usually takes place once a year, at most. They usually do this sometime within the final three months of their fiscal year because they want the information to be up-to-date and relevant for the coming year. Some of them engage a wide variety of managers and employees and take many days or even weeks to collect and analyze the desired information and to construct their final plan.
So what’s wrong with all that? Actually, in our experience, this type of planning event has ...
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