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A Futurist’s Framework For Strategic Planning

When it comes to long-term planning, many FP&A professionals should be able to answer these questions: Where do you want to have impact? What it will take to achieve success? How will the organization evolve to meet challenges on the horizon? These questions are the foundation for any achievable plan, both long and short term. Many businesses get stuck cycling between strategy and tactics, and while that process might feel like serious planning for the future, it results in a perpetual cycle of trying to catch up: to competitors, to new entrants, and to external sources of disruption. “Futurists” see their planning timelines as more of a cone that measures certainty and charts actions, rather than simply marking the passage of time as quarters or years. The result, ideally, is a flexible organization that is positioned to consistently and effectively respond to external developments.

Read More at The Harvard Business Review >