The Managerial Imperative Analysis

Advocates of industrial policy in an attempt to be afforded special privileges let their desires lead them to accept a belief by constructing an apparently rational set of reasons for supposing that belief to be true. The reasons are mere rationalizations of notions held on irrational grounds. At the very least we must constantly pay attention to arguments ignoring that what is true of one or more parts of a whole, taken separately or distributive, is not necessarily true of the whole; and conversely, what is true of the whole is not necessarily true of the parts taken separately. The fallacy arising from neglect of such rules is well illustrated in this passage, “Modern technology is able to create continually greater wealth with the employment
Unassailable logic will not always suffice. And most people with perhaps a little thought accept this but only as theory. Either way, a do-nothing approach as we saw it in The Managerial Imperative is persuasive. The waste in business and government is staggering. Plenty of analysis but often no meaningful plan. We have modeled the world to death on many irrelevant issues.
What is the point? It is two-fold: one, planning fascinates many employees over and over again; and two, some people have gone from the do-nothing theory to doing too much too fast without necessarily solving the most important problems. Each idea is like Pandora’s box - it is
So where does that leave us? Much energy is expended in budgeting operations and often with meaningless or irrelevant guidance from strategic planning where strategy formulation may be messy resulting in either a general statement of intent, or a set of financial objectives, or a multiple scenario analysis, or a forecast of the future with plenty of room for the intuitive and the subjective. As previously inferred this is a bad definition of strategy.

On the contrary, we must ensure that business value depends upon expected future cash flows, properly discounted. An actionable plan {maximum 35 pages and minimum financial data} for the business {unit or total} dealing with a few specific competitors is needed and from believable alternatives the highest value one should be selected and the capital required to implement that strategy should be committed to and funded which implicate organization, resource allocation {capital and other}, and business