ALIGNING MULTIPLE TIME HORIZONS AND MULTIPLE FUNCTIONS IN STRATEGIC PLANNING AND BUDGETING
The International Journal of Organizational Analysis
ISSN: 1055-3185
Article publication date: 1 March 2001
Abstract
The time horizons for setting out strategic plans have never been established in principle, and hence vary widely over one, two, three, five, ten, fifteen, twenty years and more. This paper presents a total system of planning horizons at one, three, seven, twelve and twenty‐five years. Each time horizon is linked to a specific organizational layer. The larger the organization, the longer is the top‐level planning horizon. The larger time horizons encompass the shorter, so that, for example, the CEO of a large corporation can set the corporate strategic plan in terms of a 25‐year plan, with corporate strategic milestones at twelve years, seven years, three years and one year. Every subordinate function can be planned in the same way.
Citation
Jaques, E., Bygrave, C. and Lee, N. (2001), "ALIGNING MULTIPLE TIME HORIZONS AND MULTIPLE FUNCTIONS IN STRATEGIC PLANNING AND BUDGETING", The International Journal of Organizational Analysis, Vol. 9 No. 3, pp. 257-271. https://doi.org/10.1108/eb028935
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited