It is difficult to disagree with the claim about the futility of financial planning in modern chaotic times because planning might deprive a business of flexibility that is highly demanded in such an unstable environment. Besides, a plan might occur to be inaccurate because of the unpredictability of numerous factors that affect both companies’ and individuals’ financial well-being. Nonetheless, the total absence of a financial plan is detrimental for businesses of any size. From this, it might be inferred that even though it is hard to develop a thought-out long-term financial plan in chaotic times, it is still necessary to try to create and follow short – and middle-terms plans.
In today’s chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment.
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Academic.Tips. (2022) 'In today's chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment'. 4 November.
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Academic.Tips. (2022, November 4). In today's chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment. https://academic.tips/question/in-todays-chaotic-environment-financial-planning-does-not-make-any-sense-all-a-plan-does-is-show-you-what-is-not-going-to-happen-please-comment/
References
Academic.Tips. 2022. "In today's chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment." November 4, 2022. https://academic.tips/question/in-todays-chaotic-environment-financial-planning-does-not-make-any-sense-all-a-plan-does-is-show-you-what-is-not-going-to-happen-please-comment/.
1. Academic.Tips. "In today's chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment." November 4, 2022. https://academic.tips/question/in-todays-chaotic-environment-financial-planning-does-not-make-any-sense-all-a-plan-does-is-show-you-what-is-not-going-to-happen-please-comment/.
Bibliography
Academic.Tips. "In today's chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment." November 4, 2022. https://academic.tips/question/in-todays-chaotic-environment-financial-planning-does-not-make-any-sense-all-a-plan-does-is-show-you-what-is-not-going-to-happen-please-comment/.
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"In today's chaotic environment, financial planning does not make any sense. All a plan does is show you what is not going to happen. Please comment." Academic.Tips, 4 Nov. 2022, academic.tips/question/in-todays-chaotic-environment-financial-planning-does-not-make-any-sense-all-a-plan-does-is-show-you-what-is-not-going-to-happen-please-comment/.