Planning, business planning, strategic planning. Whatever term you put on it, it requires thought.
And thinking implies effort.
Most times, its just easier to do. Its just easier to repeat how you have been successful in the past. Assuming that the future will be no different.
But unlike that financial planning adage “past performance is no guarantee of future performance” we assume that how we have operated in the past will hold us in good stead into the times ahead.
But will it?
Think of what the internet has done to retail.
What about low-cost imports from China?
And, what about the changes in people’s spending behavior?
Will there be changes that affect you? Reflect on this anecdote: as much as we have learnt & discovered over the last 75 years, we will repeat over the next 25.
Consider the following and the impacts that they have had:
- cordless tools
- just-in-time manufacturing
- low-cost air travel
- Microwave oven
- MP3 player
- to name but a few ….
So, what are the inventions, innovations, new things and processes that will impact upon your business? Upon how your organization operates and succeeds?