Agile Planning
Plan could be outdated sooner than you thought. But dynamic planning is a crucial business activity.
In the face of "VUCA" reality, strategic planning is essential for organizations that wish to determine their own vision and mission. It clearly defines the organization's purpose and establishes realistic goals and objectives within a defined time frame. The degree of planning has a positive correlation with the degree of uncertainty and unpredictability. Because it is easy to look like you are making progress by focusing on tactical issues.
Strategic management systematically reviews an organization’s direction, macro & micro environment, and strategies. Here's how the agile planning approach applies:
Strategic Understanding: Strategic understanding offers a means of systematically thinking about and reviewing an organization’s direction, environment, and strategies.
Careful Planning: Detailed advance planning is required, starting from the original design. The entire production process is planned in detail, including the flows of resource and information.
Agility and Flexibility: Planning can alleviate the problems of resource or skill shortages. Similarly, if large fluctuations in demand cannot be avoided, flexibility to accommodate these changes economically must be planned into the system.
Quality Focus: Shifting your mindset to one of quality can make a long-term difference and help you feel more comfortable about spending money up front.
The plan could be outdated sooner than you thought. But dynamic planning is a crucial business activity. By practice, the planning process is a continuous cycle; that's part of the management process itself. With high velocity and continuous disruption, scenarios can be very strong planning tools qualitatively, to uncover significant risks in the strategic plan, and get you the best time-value result.
