The Department of Trade and Industry (DTI) has published research that suggests British businesses are missing out on improving productivity gains "because time pressures are making business planning take a back seat."
The research suggests nearly 95% of the business managers and directors recognise that investing more time in day-to-day planning would improve overall business performance. And although 90% of businesses admitted to spending less
than two hours each week on business planning with almost a quarter of these saying they simply don't have enough time in the week to plan properly.
Eighty-four percent of businesses "are worried that they are not able to spend enough of their time planning to improve their business in a more proactive way."
Andy Poulton, DTI Best Practice champion sai...