Friday February 28, 2020

The merits of a short-term view

It’s better to have five good one-year plans than one good five-year plan

8th December, 2019
Paschal Donohoe identified 2012 as a nadir for the Irish economy in his speech last week. Picture: Rollingnews

It's almost 30 years ago since I was at the receiving end of this advice, from a person whose business success clearly showed it was the right approach. While long-term planning has always been a good idea, back then strategy development for the medium term hadn't yet become the self-fulfilling industry it is today.

Yet, we all try to look a little further down the road than just the next few months, as indeed Paschal Donohoe...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Fast-acting measures such as tax cuts, lower interest rates and targeted higher health spending are essential

Larry Hatheway | 23 hours ago

To break the deadlock, the European Council should propose to turn the table and start afresh with the setting of each country’s net balance

Jean Pisani-Ferry | 1 day ago

The system may be annoyingly hard to remember, but it works – as I found out almost to my cost over the Christmas

Emer McLysaght | 5 days ago