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Long-Range Planning--Challenge to Management Science

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  • Peter F. Drucker

Abstract

This paper attempts to define long-range planning as the organized process of making entrepreneurial decisions. It tries to answer three questions asked by managers and management scientists when they hear the phrase "long-range planning": What long-range planning is and what it is not; why it is needed; and what is needed to do long-range planning. The paper concludes with a brief statement why long-range planning can be considered a major opportunity for, and challenge to, Management Science.

Suggested Citation

  • Peter F. Drucker, 1959. "Long-Range Planning--Challenge to Management Science," Management Science, INFORMS, vol. 5(3), pages 238-249, April.
    • Handle: RePEc:inm:ormnsc:v:5:y:1959:i:3:p:238-249
    DOI: 10.1287/mnsc.5.3.238
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    Cited by:

    1. Brock, David M. & Barry, David, 2003. "What if planning were really strategic? Exploring the strategy-planning relationship in multinationals," International Business Review, Elsevier, vol. 12(5), pages 543-561, October.
    2. Hervé Goy & Robert Paturel, 2004. "Les problématiques de diagnostic et de projection dans les PMI," Post-Print halshs-00675774, HAL.
    3. Hassan ABBAR & Salma ECHCHARQY, 2016. "THE CORRELATION BETWEEN STRATEGIC PLANNING AND ECONOMIC MOROCCAN SME’s PERFORMANCE," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 225-242, November.
    4. Anastasia Nesvetailova, 2015. "A Crisis of the Overcrowded Future: Shadow Banking and the Political Economy of Financial Innovation," New Political Economy, Taylor & Francis Journals, vol. 20(3), pages 431-453, June.
    5. Duratul ‘Afifah Arbani & Che Zainab Abdullah, 2017. "Digital Marketing and User Satisfaction in Library 2.0: A Concept and Research Framework," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(12), pages 515-522, December.
    6. Mohajan, Haradhan, 2017. "The Roles of Knowledge Management for the Development of Organizations," MPRA Paper 83038, University Library of Munich, Germany, revised 09 Feb 2017.

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