For any company, planning is critical.
Whether it's sales forecasting, budgeting, or headcount.
Each requires a firm, data-backed plan.
But where should this data—and the plans that follow it—come from? The top of the company? Or the bottom?
Let's look at a hypothetical: how forecast planning might work with each approach to give you a clearer idea of the differences between top-down and bottom-up planning methods.
We'll then look at each planning strategy's general advantages and disadvantages.