Originally Posted by derangedhermit
10 year plans are useless. You can have a statement about what kind of company you will be in the future, and a 5 year plan - but you have to be continually rethinking and revising the 5 year plan.
Ten year plans are not useless in a world of 10 year retail leases. No one who makes these plans believes that they can possibly predict the future. But when the concrete question is whether to renew your 10 years lease or not, you need to have some sort of an answer. And having a 10 year plan is almost certainly better than not having one.