Strategy Driven

NOVEMBER 9, 2023

Effective financial management is a cornerstone of successful business operations. Companies should have risk management plans, including insurance coverage, emergency funds, and contingency plans. Without sound financial strategies, even the most innovative and promising ventures can stumble and fail.

Finance 113

Finance Strategy Succession Supply Chain 113

Let's Grow Leaders

SEPTEMBER 17, 2014

You need every single brain cell operating on full cylinder at times like these, not censored with fear of making mistakes. Brainstorm those possibilities and develop contingency plans. Put whatever parameters and checkpoints you need to feel comfortable in your world, but allow space for creativity and brilliant thinking.

Team 491

Team Uncertainty Contingency Plans Brainstorming 491

HR Digest

APRIL 9, 2023

Managing workplace leave and absences can have significant impacts on productivity , staffing, and overall business operations. Managing workforce leave and absence is essential for organizations to maintain productivity and ensure the smooth running of day-to-day operations. Why is managing employee leave and absence important?

Management 116

Management Document Contingency Plans Software 116

Strategy Driven

NOVEMBER 7, 2022

For example, trade agreements and subsidies can affect the price of your products, and environmental regulations can dictate how you operate. It is important to plan for these eventualities to minimize the impact on your business. For example, you may need to have contingency plans in place for crop failures or disease outbreaks.

Industry 111

Industry Contingency Plans Trends Policies 111

Six Disciplines

JULY 25, 2014

It''s also used to articulate the challenges an organization has, enabling contingency plans. It''s typically based on a review of internal and external facts and assumptions about the organization and the marketplace in which it operates. Having trouble starting out your SWOT analysis? Opportunities and Threats.

SWOT 99

SWOT Debt to Equity Ratio Analysis Supply Chain 99

Strategy Driven

MAY 12, 2020

However, what’s arguably more important than proper planning is the ability to prepare for any potential situations where your plans don’t work. Unforeseen circumstances aren’t uncommon regardless of the type of business you operate. Focus on building solid relationships with third-party services.

Management 102

Management Supply Chain Contingency Plans Efficiency 102

N2Growth Blog

SEPTEMBER 12, 2016

If you operate with good will and demonstrate a willingness to “pitch in” and help those that need help in your business, then your people will recognize that this is a value worth mirroring. At my firm , we help clients develop strategies and create the contingency plans needed, if certain scenarios begin to emerge.

Contingency Plans 150

Contingency Plans Leadership Bottom-up Film 150

Six Disciplines

MARCH 21, 2011

It's also used to articulate the challenges an organization has, enabling contingency plans. It's typically based on a review of internal and external facts and assumptions about the organization and the marketplace in which it operates. Having trouble starting out your SWOT analysis? Opportunities and Threats.

SWOT 118

SWOT Debt to Equity Ratio Analysis Supply Chain 118

Harvard Business Review

JUNE 16, 2017

Any company with substantial exposure to Brexit that hasn’t yet devised contingency plans to deal with a range of outcomes, including very bad ones, is about as far behind the curve as Britain’s current government seems to be right now.

Contingency Plans 8

Contingency Plans Planning Company Uncertainty 8

Leading Blog

OCTOBER 24, 2011

For their study, the authors chose a set of major companies that achieved spectacular results over 15 or more years while operating in unstable environments. Fear and worry is channeled into preparation, contingency plans, buffers and margins of safety. Empirical Creativity: Bold, creative moves from a sound empirical base.

Contingency Plans 279

Contingency Plans Collins Creativity Airlines 279

Lead Change Blog

MARCH 27, 2020

Your company will need to make major changes to remain operational. Let’s envision a scenario where the COVID-19 becomes like the flu, a seasonal illness that comes every September and lasts through March, with a vaccine that reduces the chance of illness by 50%.

Supply Chain 222

Supply Chain Short-term Strategic Planning Long-term 222

Strategy Driven

MAY 29, 2020

While you can’t completely insulate yourself from every single eventuality, there are steps you can take to ensure that you have the right insight and contingency plans in place should the worst happen. This allows you to plan resources better, and potentially redirect employees onto more urgently needed tasks.

Insurance 66

Insurance Contingency Plans Norton Crisis 66

Strategy Driven

NOVEMBER 6, 2015

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. An inefficient operation results in unproductive activities which often miss the point and worse yet, result in wasted time and wasted resources.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Strategy Driven

MARCH 4, 2017

It’s all good and well operating at full capacity, with the books in order and things slowly progressing just fine and dandy. You can’t stop that from happening, but you can make sure you have the contingency plans in place so that you’re able to handle any temporary setbacks relating to stock and so forth.

Contingency Plans 50

Contingency Plans Software Trends Innovation 50

Strategy Driven

JULY 27, 2019

The scale of operation does not matter; however, what matters is how well you allocate each resource to put them to its best use. Come Up With a Contingency Plan. An elaborate and extensive planning process is necessary for your business to score well and chart monumental heights of success. There has to be a plan B.

Resources 10

Resources Contingency Plans How To Accounts Receivable Financing 10

N2Growth Blog

JANUARY 9, 2011

Bonus - Always have a Plan B : Another component of communications strategy that is rarely discussed is how to prevent a message from going bad, and what to do when does. It’s called being prepared and developing a contingency plan. If your expertise, empathy, clarity, etc.

Tips 417

Tips Blog Learning-by-Doing Open-book 417

Strategy Driven

AUGUST 8, 2019

Modern businesses need cybercrime deterrent solutions to maintain the security of operations. Additionally, you’ll want to educate employees on how to operate securely throughout your company at intervals, as new threats develop in the tech world all the time. Contingency plans are necessary to sidestep such issues.

Technology 10

Technology Contingency Plans Gordon Software 10

Skip Prichard

JULY 19, 2021

His book, Lessons from the Navy: How to Earn Trust, Lead Teams, and Achieve Organizational Excellence is loaded with advice to help all leaders aspiring to operate at the highest levels. A few months prior, I had been selected to be executive officer, or XO (Chief Operating Officer), of U.S. Naval Hospital Rota, Spain.

Leadership 132

Leadership Crisis Learning-by-Doing Team 132

Harvard Business Review

NOVEMBER 20, 2017

Webvan was forced to cease operations by 2001. The traditional plan-then-do model treats the value of any strategy like a bond. In a world where the best laid plans can go awry, companies that react quickly and effectively come out on top. Rigorous contingency planning is as important as disciplined action planning.

Execution 8

Execution Strategy Contingency Plans Company 8

Rapid BI

OCTOBER 10, 2012

Internal Communications Plan – contingency preparedness. Most effective organizations that operate structured approaches to internal communications appoint a dedicated communications manager. Creating your communications plan to include crisis and contingency plans can help reduce and avoid unnecessary crisis.

Planning 61

Planning Strategy How To KPI 61

Harvard Business Review

FEBRUARY 8, 2018

Top leaders tend to focus more on status updates than on contingency planning. They did not spend as much time thinking about local events that have implications for their emerging market operations. miragec/Getty Images. This means that many emerging market risks get cut from the senior leadership agenda.

Market Risk 8

Market Risk Marketing Supply Chain Company 8

Harvard Business Review

APRIL 20, 2017

oil services provider McDermott International plans to build a fabrication yard at a Saudi Aramco shipping complex; Amazon bought the Middle East’s biggest online retailer Souq.com; and Boeing finalized its multi-billion dollar deal with Iran. Since Trump was elected, Dunkin Donuts has opened its first outlet in South Africa; U.S.

Depreciation 8

Depreciation Contingency Plans Policies Marketing 8

Harvard Business Review

AUGUST 13, 2012

Simulations of security incidents were rehearsed, and contingency plans for mass evacuations or emergency situations were put in place. At the start of the Atlanta 1996 Olympics, it was a catalog of minor operational and logistical problems that led journalists to start reporting on "the glitch Games."

Risk Management 14

Risk Management Management Committee Insurance 14

Harvard Business Review

APRIL 16, 2018

This gave time for not only the public to weigh in – to potentially alter the scope of the protection – but also for businesses and workers to make contingency plans if trade barriers were ultimately enacted. Trump’s strategy is different. For one, he is not waiting for industries to request protection.

Strategy 8

Strategy Supply Chain Contingency Plans Globalization 8

Harvard Business Review

FEBRUARY 7, 2018

Intelligent Device Recovery Plans. Today, many companies are exposed to intelligent device risks that could harm both their own operations as well as their customers. Contingency plans must go beyond a natural disaster playbook. Yet few have formally quantified the size of their revenue at risk and potential liability.

Insurance 8

Insurance Contingency Plans Globalization Ethics 8

Harvard Business Review

JUNE 2, 2015

In my former position as Managing Director of Philip Morris Ukraine where I was based from January 2012 until February 2015, I was forced to see it as a business crisis that threatened our people, operations, and bottom line. Our Director of Operations led our special situations management team to respond to threats and constant changes.

Crisis 8

Crisis Management Contingency Plans Objective 8

Harvard Business Review

NOVEMBER 9, 2012

This lack of comfort with both the quantitative aspects of risk and the more sophisticated options available to operational executives is (in some industries literally) dangerous. The same can be said for traditional supply chain risk management consultants and academics, who, after all, share a similar background.

Supply Chain 8

Supply Chain Chief Procurement Officer Risk Management Management 8

Harvard Business Review

JULY 3, 2015

(Many companies separate their Sub-Saharan Africa and North Africa operations because of strong cultural, economic, and linguistic differences between the two regions.). They need to combine available data and forecasts with a thorough qualitative analysis that looks at the operating environment of each market.

Long-term 8

Long-term Short-term GDP Contingency Plans 8

Harvard Business Review

OCTOBER 9, 2017

In this complex, fraught situation, people need a compassionate guide — a wise, comforting sherpa who knows the mountain, the risks of various routes, the viable contingency plans. The physician-sherpa should be a partner on the journey, not simply a medical operative, extracting formulaic rules and implements from a toolbox.

Balanced Scorecard 9

Balanced Scorecard Contingency Plans Active Listening Guidelines 9

Harvard Business Review

AUGUST 15, 2011

Are there continuity, backup, and contingency plans? Even in quiet times, there's a chance for mischief or missteps if leaders leave a vacuum, with no one clearly in charge and lack of clarity about how to operate. If anyone is working, it should be the leader. Over-communication is better than simply disappearing.

Contingency Plans 15

Contingency Plans Sharpe Bond Planning 15

Harvard Business Review

SEPTEMBER 12, 2017

All health systems have contingency plans and run drills for emergencies like a hurricane. However, the challenges wrought by a disaster can confound even the best-laid plans, and responding effectively requires using available resources in ways not previously considered.

Health Care 8

Health Care Crisis Contingency Plans Management 8

Harvard Business Review

JUNE 20, 2017

Multinational companies operating in Mexico are facing a great deal of uncertainty. Many of the companies we work with that have operations in Mexico have taken up scenario planning to prepare for a range of potential economic and political changes in the country that could affect their businesses. Renegotiating NAFTA.

Supply Chain 8

Supply Chain Depreciation Uncertainty Marketing 8

Harvard Business Review

JUNE 29, 2016

The key questions are about the impact on your firm’s business model, operating model, EU institutional arrangements and financial structures, and performance. Design contingency plans and reflect any insights in your strategies for growth, geographical footprint, global supply chain, and risk management. Run scenarios.

Uncertainty 8

Uncertainty Short-term Supply Chain Long-term 8

Harvard Business Review

DECEMBER 26, 2014

The company should anticipate some departures and make contingency plans to appoint replacements and reach out to stakeholders. Some senior leaders may be disappointed that they were passed over for the top spot in favor of a more junior candidate.

CEO 9

CEO Contingency Plans Telecommunications Planning 9

Harvard Business Review

MAY 29, 2015

Very few organizations have “a standard operating procedure” for employees taking parental time off, says Joan C. She says that some people worry that they will be “written off” once they announce their family plans. What the Experts Say. “Don’t wait until the last minute,” though.

Planning 8

Planning Quinn Project Contingency Plans 8