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The Case Against Budgets, Forecasts, and Performance Targets

Outseta

By Geoff Roberts 15 min read Forecasts, budgets, and performance targets; these activities have long been seen by business people as critical activities in the operation of companies of almost any size. Simply put, activities like budgeting and forecasting are not compatible with self management.

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Strategy as a Series of Beliefs

Kellblog

Financial projections and forecasts are not strategy. Era 4 (2003-2005). I love Rumelt’s work for two reasons: He takes a wrecking ball to the garbage that is often passed off as strategy. Aspirations are not strategy. Goals and OKRs are not strategy. SWOT analyses and five forces analyses are not strategy. Era 3 (1999-2002).

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Decacorns & Unicorns in 2020: Founders Fund Keith Rabois and SaaStr’s Jason Lemkin (Video + Transcript)

SaaStr

I think it’s more overall more like 2000 to 2003 in Silicon Valley, but there’ll be some industries and celebrated goals that either aren’t effected as much or snap back very quickly. One of the best things a great investor can do is accurately forecast for you what you need to look like well into the future.

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SaaStr Podcasts for the Week with Domo and Gorgias — April 24, 2020

SaaStr

It started back in 2003, when I joined Omniture, which was an analytics company founded here in Utah. John Mellor: And that year, when I joined in 2003, Omniture did $8 million in revenue. I think it was 2011 when they did the annual analyst meeting, and they dropped their revenue forecast by $100 million. And the stock popped.

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