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What is Planned Abandonment?

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Planned abandonment is the practice of developing plans to abandon a strategy before the strategy is ever launched. Abandonment plans typically include criteria for abandoning a strategy and an exit plan for wrapping up loose ends. Having such plans established may fight the temptation to continue to invest in a strategy that is failing or obsolete.
Overview: Planned Abandonment
Type
Business Strategy
Definition
Developing exit criteria and exit plans for a strategy from its inception.
Value
Helps to combat negative organizational tendencies such as resistance to change and being influenced by sunk costs.
Related Concepts
Sunk Costs
Fail Well
Fail Often
Resistance To Change
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