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Chapter 3 disadvantage of strategic planning

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Chapter 3 disadvantage of strategic planning

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by mileyshanna.
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  • January 10, 2017 at 3:14 am #365860
    mileyshanna
    Member
    • Topics: 45
    • Replies: 30
    • ☆☆

    Hi sir,
    I have trouble understanding the sentence in the note. ” planning is a means to an end, not an end in itself.” Can you try to explain it

    January 10, 2017 at 8:44 am #365883
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10637
    • ☆☆☆☆☆

    The purpose of a profit-seeking organisation is to make profits. Planning should be seen as a way to maximise the chances of making good profits, but planning does not itself produce profits. At some point people have to ‘do things’ (like manufacture products) rather than simply planning to.

    It is pointless planning if nothing ever gets done.

    January 10, 2017 at 9:39 am #365891
    mileyshanna
    Member
    • Topics: 45
    • Replies: 30
    • ☆☆

    Thanks a lot. I got it.

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