“In many companies there is a grand long term goal on one hand…and detailed short term budgets and annual plans on the other hand… with nothing in between to link the two together… the long term doesn’t start at year five of the current strategic plan. It starts right now!”
It is with great anticipation that organizational goals are set and strategies formulated. However, quarter on quarter when the financial numbers do not add up there is post-mortem done on what caused the failure and then further plans are made. It has been observed that organizations falter in achieving organizational goals and deploying strategy, as there is no framework available for translating strategy into action.