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Contingency Planning | N2Growth Blog

N2Growth Blog

This is so much the case that the most often overlooked aspect of strategic planning is adequately addressing contingencies as part of the planning process. The two most common outcomes created by a lack of contingency planning are: 1.) watching things grind to a halt as you scramble to evaluate options, and; 2.)

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The Next Wave of Digital Transformation: What Leaders Need to Know

N2Growth Blog

The rapid development and widespread adoption of new technologies present both opportunities and challenges for leaders to manage. This heightened accountability holds great promise for industries such as healthcare, finance, and supply chains, fundamentally reshaping how businesses conduct their operations.

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10 Communication Tips for Leaders

N2Growth Blog

While developing an understanding of great communication skills is easier than one might think, being able to appropriately draw upon said skills when the chips are down is not always as easy as one might hope for. Communicate more effectively. Classic business theory tells leaders to stay at arms length.

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7 Ways to Keep Your Project Budget on Track and Profitable

Strategy Driven

Develop a Detailed and Realistic Budget In order to effectively budget, you must understand the full scope of the project, including an estimated breakdown of travel costs, equipment, software, payroll, etc. Explore Alternate Financing Options Part of your contingency plan should involve sussing out alternate financing options , if needed.

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The Big Picture of Business – Business Success Checklist

Strategy Driven

Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise. Most successful businesses have planned responses to most scenarios because they took the time to think “What If”. Development of technical abilities, specialties and expertise.

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The Olympics as a Story of Risk Management

Harvard Business Review

Simulations of security incidents were rehearsed, and contingency plans for mass evacuations or emergency situations were put in place. Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity.

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Fixing the Euro Zone and Reducing Inequality, Without Fleecing the Rich

Harvard Business Review

Increasing inequality of income and wealth has occurred across the developed world for the past 30 years, with the majority of the gains from technology, globalization and deregulation accruing to a small minority in each country. It would provide the Fed and Bank of England with a contingency plan should their economies faced renewed shocks.

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