Page 154 - Fundamentals of Management Myths Debunked (2017)_Flat
P. 154
People say that the future is unpredictable.
No matter how well you plan, there’s always the
unexpected. For managers it might be a sudden
recession, a new and innovative product from
a competitor, the loss of a key customer, the
loss of a key employee, or the breakdown of a
long-established business model. This logic has
led many to conclude that planning is a waste of
time. Well, it’s not. Flexible planning that includes
multiple scenarios can prepare managers for
a variety of situations, eliminating some of
the unpredictability.
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