In Uncertain Times, Businesses Need Dynamic Planning To Chart Course To High Performance

Date Added: Jul 2009
Format: PDF

Amid the current global economic storm, agility has emerged more strongly than ever as an essential factor for survival and success. The global financial crisis and increasingly volatile economic environment have prompted business leaders to re-examine their business plans and execute frequent mid-course corrections. Organizations are under intense pressure to make smart decisions quickly on allocating scarce resources. With the spotlight on improved planning, some companies may be considering the practice of "Rolling forecasting." However, this method calls for a comprehensive approach that, for large global organizations, has proven to be cumbersome and impractical.