So it’s that time of year again. The summer holidays are now a distant memory. The annual business planning and budgeting cycle has kicked off and looks certain to dominate your agenda until Christmas Eve. Yes, crafting strategy is a critical task, but with crammed schedules it’s all too easy to make […]
Overview We are all deep into the annual planning process. But this time the challenges are different and therefore the questions that we should address must change. An era of uninterrupted economic growth has come to an abrupt halt. The hopes emanating from last year’s planning cycle, that the world […]
Reviewing many business plans and corporate statements over the last eight weeks or so brings me to one conclusion. Business leaders may be adopting a far too optimistic view of the direction of the global economy when setting out their business plans for 2009 and beyond. The general consensus is […]
Gavin Cassar’s (Assistant Professor of Accounting at Wharton) latest research is interesting and may confirm a trend that many of us suspected was lurking behind the scenes. The problem is that when preparing business plans, managers tend to be overly optimistic. There may be an inbuilt tendency for us all […]
Have you noticed how there is a preoccupation with the risk of recession in the press and management discussions? It is as if an economic recession is the only impediment that may be in our path. The real risk to business however sits not outside but within the organization. And […]
