CII in association with their Knowledge Partner, BMGI released a publication during the CII Conference on Turnaround Strategy 2014: Strategies for Organizational Turnaround & Business Transformation organized by CII on 12 December, 2014 at New Delhi.
The document informs that at the core of seizing emerging opportunities is the creation and execution of scalable growth strategies. It is brought out that making growth plans require organizations to assess how the future scenarios will unfold and make meaningful assumptions relevant for their growth. The Knowledge to Assumptions (K/A) Ratio is introduced and it is in the balance of the ratio that the optimum strategic planning is thought to lie. Organizations when it comes to strategy making can be categorized into three classes i.e. Traditionalists; Annual Business Planners (ABPs) and Realists with different perspectives on the K/A Ratio.
Almost all organizations in India big and small alike pass through the Knowledge to Assumptions phase while going through their strategic planning process every year. A framework, post the K/A Ratio, to bridge the gap between recommended strategies and implementation is also discussed.