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Tips to help you plan successfully by Emily Chan, MBA

Many plans made in business are a waste of time. These plans are not based on reliable data or rigorous analysis, and the people involved do not have sufficient resources (such as data), training or guidance to create plans properly. Often, executives overseeing the plans either do not want or know how to assess the plans—especially nonbudget items. And there is no system set up to track and reward implementation, except for the budget.

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