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15 Common Pitfalls of Long-Range Planning

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Budgeting & Planning > Budgeting , Planning

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Most companies have some kind of strategic planning process, which in theory is linked to their budgeting for the following fiscal year. But in practice, strategic planning is rarely coupled with budgeting. Too often strategic plans are merely guidelines serving as context for the budgeting process. On the other end of the spectrum, most successful companies have processes in place that closely track and link budgets with their strategic plans. This paper will define the most common pitfalls that affect long-range planning, help diagnose the issues, and suggest potential solutions.
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Released: July 18, 2012
Length: 18 pages
Format: PDF (769 kb)
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