Organizations that conduct long-range planning of five to 15 years are more likely to outperform organizations that don’t plan ahead, according to Gartner Inc.'s 2015 survey of CEOs and senior business executives. Moreover, overperforming companies tend to lean more heavily on CIOs during the long-term planning process.

“Long-term strategic planning can lead to benefits,” Steve Prentice, vice president and Gartner Fellow, said in a statement. "More than 50% of organizations that underperformed did not engage in very long-term planning, and those that did looked out on average 16 years. In the case of the outperforming companies, over 80% carried out planning that was very long term, and they looked even further ahead—a mean of 22 years.”

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