having a plan
This seem to be one of the central theme of asset & knowledge management. I suppose it is true for any managerial topics. It is clear without a plan, how can you waste resources in such magnitude. Watched the documentary "No End in Sight", the coalition force went to Iraq without a plan(or having a plan but without execution). The result is devastating.
On the other hands, there is comparison being made regards to the speed, scale, and cost of construction between Heathrow Terminal 5 and Beijing Terminal 3. BAA definitely used much longer time to plan. Was this effort worthwhile? Maybe it will be more clear after 2008 Olympics?
The new chief economist and vice president of world bank, Mr. Lin is also advocating "Crossing the River by Groping the Stones" which means less planning to some extend. However this is based on the assumption, that there is almost none or very limited experiences.
Perhaps the PDCA cycle, in fact should be starting with a DCA and than followed by a continuous PDCA. Either way when experiences is acquired, without studying and planning, these experiences are wasted. An inadequate management of knowledge resources.