Downsize the annual planning burden

Annual planning meetings are normally structured and time-consuming, with some lasting several days in order to get all the necessary input from all key subordinates. However, it is possible to eliminate this part of the planning meeting without compromising the whole effort. By preparing a monthly business activity forecast, management can chart the direction of a given organization while empowering employees.
All of us have at one time or another participated in a structured and time-consuming annual planning meeting. In the past, it was a requirement to involve subordinate operations in [...]