Creating Sustainable Change – How to create and sustain change?
February 12, 2025
Communication plays an important role in negotiation. What is negotiation ? Negotiation is nothing but a discussion among individuals to reach to an alternative which would satisfy all. How is an effective discussion possible ? Only through communication. An effective communication is directly proportional to an effective negotiation. The better the communication is the better […]
What is Conflict of Interest and how does it arise? In recent months, we have seen a spate of scandals involving top corporate houses and sportspersons about how they have been implicated in conflict of interest issues. These scandals have dented the reputations of many corporate houses, media houses, and sports management companies. At heart […]
We have seen how various factors contribute to the propagation of change within an organization. For instance, change can be catalyzed through change agents and can be driven from the top as well as from the bottom. In this article, we will look at the crucial role of innovation in driving change. For quite some […]
The previous articles in this module introduced the phenomenon of workplace violence with some contemporary examples. This article provides some pointers on how to avoid the same and prevent violent incidents from happening. First, it should be noted that early signs of potential workplace violence should not be ignored and should not be left for […]
Technology is the common denominator which generally creates a huge impact on almost all industries. Big data and artificial intelligence are the latest buzzwords in technology. They are impacting almost every industry. Since reinsurance is basically an industry that supports other industries, all these technological changes are impacting reinsurance as well. In this article, we […]
In manufacturing firms in the earlier decades, one of the most sought after role was to work in the Corporate Planning Function which was staffed with the Créme De La Créme of Employees trained in Management and skilled with longer term orientation and insights into how the future would unfold for the organization in question.
Indeed, usually based in the Headquarters of the Corporates, the Planning Function was also expected to liaise with the external management consultants such as McKinsey and other reputed firms to devise strategies and tactics as well as come with Yearly and Five Yearly plans (as the case may be) which would serve as a guidebook for the rest of the organization.
Thus, the Corporate Planners were looked upon as Oracles who could help the organizations navigate the stormy waters and help the other executives see patterns where only some signals were apparent.
With the advent of the Digital Age, it is worth asking the question as to how relevant the Corporate Planning Function is especially when one considers organizations which have adopted the Agile Methodology as the basis for their template organizational modes of working.
Agile is a Methodology which has become quite popular in recent years due to its model of self contained teams accomplishing everything from planning to building and testing to deployment and post release support.
Thus, when organizations use the Agile Methodology and have symbiotic teams that are flexible and adaptable to changing external and internal circumstances, it is the case that a centralized planning function would for all practical purposes be redundant.
Indeed, when the teams and the units themselves plan and act, the very purpose of a centralized planning team is defeated since each team and team member is capable of planning and adapting to fast changing market and organizational conditions.
Talking about Centralized Planning, it is also worth noting that in the Digital Age where organizations are expected to be modular and self contained as well as networked and shape shifting in their organizational structures, there is really no need for a hierarchical and silo based planning functions that Lord Over the entire organization.
In other words, when centralization has given way to decentralization and when hierarchies are now replaced by networked structures, corporate planners can only be relevant and effective when they are advisory.
This might be the reason why the Indian Government disbanded the Planning Commission and transformed it to NITI Aayog which is blends the planning with advisory work and yet, it is also powerful because it has the Ear of the Who’s Who of the Policymakers.
Indeed, if not anything, the erstwhile Planning Commission was becoming irrelevant and obsolete since the Indian Polity became an entity where each state was expected to be largely autonomous and self containing and self sustaining as far as managing the financial and administrative aspects were concerned.
The same applies to the Planning Functions in the Corporates of the Digital Age where old modes of thinking and strategic decision making are giving way to newer forms of working in the Digital and Agile firms.
Having said that, there is also a case to be made for the relevance of the Corporate Planning Function in the present times as well. for instance, much like the Planners of the Pentagon in the United States and the various Think Tanks of the world, there still is a need for experts who can take a Bird’s Eye View of the Big Picture and come out with guidance and directional inputs that can be of immense help to those whose everyday routine constrains them from thinking for longer term timelines.
In other words, the Corporate Planners have the luxury of expertise and are equipped with the skills that are needed for strategic decision making.
Further, in times where the External Landscape is fast paced and market and societal trends change in real time, corporate planners can step back from the chaos and acceleration that is the situation confronting the Agile Teams and advise and guide them to actualize strategies which can then be implemented by such teams.
In addition, corporate planners can also remain relevant when their inputs are holistic and comprehensive in nature.
While Digital Age firms do have executives and managers who can think longer term, more often than not, they are constrained by the lack of interdisciplinary skills which means that despite being Agile, they are still in silo mode.
This is where the Generalists of the Corporate Planning Department can help with their knowledge of multiple domains combining with their unique ability to Tie Everything Together.
Thus, as can be seen from these points, Corporate Planners can be of use and be relevant even in the Digital Age if they too adapt to the changing business imperatives.
Lastly, when one considers the pros and cons on balance, it is clear that corporate planners now have a diminished yet important role to play.
Further, in the age of 24/7 business operations and Social Media driven noise, it is important, more than ever, to separate the Signals from the Noise and Make Sense of the Chaos and Confusion of the External World.
To conclude, while some might argue for disbanding the Corporate Planning Function, our final point is that they can be effective and relevant if their roles are redefined and their work adapts to the changed paradigm.
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