Critically important! Management time is usually a company's most precious resource. It is more common for a business to reach an impasse in its progress due to a lack of available management time rather than a lack of cash. It is curious, then, that much effort is spend budgeting for cash expenditures and almost none to time expenditures. Our time planning exercise forces managers to budget their time for strategic initiatives based on a realistic assessment of their time availability and avoid the over-optimism or -pessimism that lead to unrealistic expectations and failed implementation.
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© Copyright 2012 by Center for Simplified Strategic Planning, Inc. Ann Arbor, MI -- Reprint permission granted with full attribution.