A Plan is Useful Fiction: How Realistic Can it Be?

Plans are useful fictions. Like any fiction, a plan may be more or less realistic.

Plans are made up by their authors based on past experience, wishful thinking or pessimism, fear or courage. Ideally, they are created to set the stage for successful performance though with the understanding that they do not guarantee it.

From the Sponsor's Desk - The Risk of Unintended Consequences

Sometimes, the best of intentions results in unanticipated, and undesired, consequences. The French economic journalist Frédéric Bastiat wrote in his essay “What Is Seen and What Is Not Seen”: There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

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