ALIGNING MULTIPLE TIME HORIZONS AND MULTIPLE FUNCTIONS IN STRATEGIC PLANNING AND BUDGETING

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