The failure to plan the rollout procedure effectively caused the tanking of the brand Dreamliner, which was one of the most popular products other than the Boeing 747. But the project’s timeline was too ambitious even with the carefully thought-out strategies, which pushed it to 2.5 years behind schedule, and by then all the airline companies got tired of waiting and rescinded all their orders.
Why did the plan fail? What do we need to know to make a better plan? Let us see.
Planning is the process of defining goals, and coming with alternatives to fulfill them. It depends on both the means and ends to make a decision. Unambiguous planning or formal planning is the type used in organizations. Specific goals are reached within a fixed period of time, and every step is made through meticulous planning.
Formal planning gives the planner many benefits: higher profits and investments returns etc. Now most pundits are split on the topic on whether planning is actually helpful for an organization.
Research has shown that while planning always guaranteed a higher performance in the workspace: the definition of clear goals and proper utilization of every asset streamlines the organization flow. The effectiveness of planning on organization depends mainly on three factors:
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