I am very surprised that this is used as as reason for skipping planning sessions. The reason people don’t invest money in planning sessions and strategy making is because most of the time, they gather dust. But the reason they gather dust is because of only two reasons:
(i) They have not been developed in such a way that they degenerate into action
(ii) The team to execute it (starting with CEO) don’t have the discipline to follow it
Both of these are not the problem with planning and strategy formulation as activities. They are skill issues that can be handled by engaging the right resources. But if a company fails to address these two issues, the loss is just too large to measure.