tag:blogger.com,1999:blog-24338064.post6384389569366015788..comments2024-02-11T19:28:27.997+11:00Comments on Personal Reflections: Sunday Essay - threads in Belshaw thoughtJim Belshawhttp://www.blogger.com/profile/10075614280789984767noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-24338064.post-38857042040970401592010-05-26T01:37:56.248+10:002010-05-26T01:37:56.248+10:00I stand corrected. It should have read, constantl...I stand corrected. It should have read, constantly improving business model and consistent bottom line achievements.Rummuserhttp://www.rummuser.comnoreply@blogger.comtag:blogger.com,1999:blog-24338064.post-39995852701052042662010-05-25T08:47:49.883+10:002010-05-25T08:47:49.883+10:00Hi Ramana and thanks for the lead.
Interesting c...Hi Ramana and thanks for the lead. <br /><br />Interesting comments. I still think planning is of value, but a lot depends upon the business and upon the nature of the planning process. I know of a lot of Australian businesses that were swept away by foreseeable changes.<br /><br />I do have real problems, however, with one point you made, the idea of a constantly improving bottom line. I now question whether this is either a desirable or achievable business objective. <br /><br />It depends, of course, in part on what is meant by a constantly improving bottom line. I do support the idea of continuous improvement. However, when the totality of profit forecasts exceeds the total profits available by too large a margin, then instability can result.Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-90902908371260309082010-05-25T01:08:23.774+10:002010-05-25T01:08:23.774+10:00Jim, having been a professional manager with hands...Jim, having been a professional manager with hands on experience of the planning process and facing the music for actual delivery, I am convinced that it is a total waste of time. The best that one can do in business is forecast for the short term to plan for needed resources, innovate as you go along and keep delivering a constantly improving bottom line. After the recent shake up with MBAs facing a lot of flak, something very interesting has come up and you might like to explore this angle to businesses of the future. http://www.city-journal.org/2010/bc0521lv.htmlRummuserhttp://www.rummuser.comnoreply@blogger.com