Maintaining Flexibility
Because action plans are sometimes poorly conceived and goals sometimes turn out not to be achievable,the last step in developing an effective plan is to maintain flexibility .One method of maintaining flexibility while planning is to adopt an options based approach. The goal of options – based planning is to keep options open by making small,simultaneous investments in many alternative plans. Then,when one or a few of these plans emerge as likely winners, you invest even more in these plans while discontinuing or reducing investment in the others.
Options-based planning maintaining flexibility by making small,simultaneous investments in many alternative plans