If planning is important to business growth in ordinary times, in times of crisis, it becomes even more critical to ensure business survival. But planning is not always welcome.
Case in point, the COVID-19 pandemic challenges leaders to keep the business afloat while preparing it for a newly uncertain future. Guess what, planning will influence the short and long-term strategies for the organisation.
“Planning is demanding and annoying. It is estimated to take 2% to 3% of the organisational budget, just to put a plan together,” so noted David Upton, director of Strategic Partnerships and Alliances for APAC at Jedox.
Click on the video to listen to Upton describe the importance of planning to finance and other departments in a company.