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...

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