Lead from Within

NOVEMBER 4, 2024

While AI can enhance decision-making, streamline operations, and drive innovation, it also brings challenges such as ethical concerns, job displacement, and data privacy issues. By exploring various “what-if” scenarios, leaders can identify vulnerabilities and devise contingency plans.

Strategy 121

Strategy Ethics Scenario Planning Contingency Plans 121

Strategy Driven

MAY 12, 2020

Managing your business gets increasingly more difficult as you scale it, Thankfully, there are plenty of ways to ensure that your company stays organized as long as you adopt some golden rules to help streamline your workflow and logistics processes. Proper planning is mandatory for an efficient logistics system.

Management 89

Management Supply Chain Contingency Plans Efficiency 89

Strategy Driven

FEBRUARY 27, 2024

Businesses in such thriving environments often face the need to move, whether for expansion, to tap into new markets, or to enhance operational efficiency. Without proper planning, businesses risk operational disruptions, financial losses, and a negative impact on customer relations.

Tips 100

Tips Telecommunications Transportation Contingency Plans 100

Harvard Business Review

NOVEMBER 15, 2024

Companies operating in Latin America and the Caribbean are facing a dynamic and increasingly complex political landscape. Instead, they need better strategies to manage risk. They can no longer rely on alliances with national government leaders in power or costly arbitration when things go awry.

Politics 19

Politics Contingency Plans Uncertainty Long-term 19

Strategy Driven

NOVEMBER 9, 2023

Effective financial management is a cornerstone of successful business operations. Here, we will delve into some key strategies for successful business finance, highlighting the importance of financial planning, efficient budgeting, smart investments, and risk management.

Finance 99

Finance Strategy Succession Supply Chain 99

N2Growth Blog

JUNE 19, 2013

Leadership And Contingency Planning. Communications Crisis Management Leadership Operations & Strategy Success Brian Layer General Brian Layer leaderhing and crisis leadership and preparation leadership and preparing for the worst leadership and rehearsing leadership development N2growth' Related Post.

Contingency Plans 382

Contingency Plans Crisis Crisis Management Learning-by-Doing 382

Let's Grow Leaders

SEPTEMBER 17, 2014

Every manager and team member will be more effective with greater skill in this arena. 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. It’s not easy.

Team 491

Team Uncertainty Contingency Plans Brainstorming 491

Strategy Driven

NOVEMBER 7, 2022

Some of the latest technologies in agriculture include precision farming, which uses GPS and other data to manage crops more effectively; drones, which are used for crop mapping and surveillance; and robotics, which are beginning to be used for tasks such as picking fruit. Plan For The Future.

Industry 97

Industry Contingency Plans Trends Policies 97

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. They zoom-in and zoom out to manage risk and recognize luck.

Contingency Plans 284

Contingency Plans Collins Creativity Airlines 284

Lead Change Blog

MARCH 27, 2020

Your company will need to make major changes to remain operational. Switch your relationship management and networking to virtual venues. 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

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. Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise.

Succession 50

Succession Strategic Planning Budgeting Goal 50

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 65

Insurance Contingency Plans Norton Crisis 65

Strategy Driven

JULY 27, 2019

There is no way a business can thrive without having the right skills to manage whatever resources it has at its disposal. 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. 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. There are going to be issues where security is compromised owing to improper access protocol management pertaining to user names and passwords. SLM management ensures you’re getting the service you need at the level you need across operations.

Technology 10

Technology Contingency Plans Gordon Software 10

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. 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.

Risk Management 15

Risk Management Management Committee Insurance 15

Rapid BI

OCTOBER 10, 2012

What are the roles and responsibilities of leaders, managers, employees and communication professionals? Most effective organizations that operate structured approaches to internal communications appoint a dedicated communications manager. Part of your plan may include the creation of an emergency notification cascade system.

Planning 60

Planning Strategy How To KPI 60

Harvard Business Review

NOVEMBER 9, 2012

In an uncertain and volatile world, risk management — a previously unsexy subject for many managers who created annual updates or reviews of their company's risk management plans — is now a front-burner issue for many. These supply chain-related risk costs are present every day that managers come to work.

Supply Chain 9

Supply Chain Chief Procurement Officer Risk Management Management 9

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. Indeed, Ukraine’s troubles offered an opportunity to build the leadership capacity of my management team.

Crisis 8

Crisis Management Contingency Plans Objective 8

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 134

Leadership Crisis Learning-by-Doing Team 134

Harvard Business Review

NOVEMBER 20, 2017

Following the company’s go-private transaction in October 2013 , Dell put in place new models for strategy development, resource allocation, and performance management. Any deviation from management’s forecast meant failure, regardless of how effectively the strategy was executed. Take Dell Technologies, for example.

Execution 8

Execution Strategy Contingency Plans Company 8

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 10

Health Care Crisis Contingency Plans Management 10

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

N2Growth Blog

SEPTEMBER 12, 2016

Regular readers of my weekly column have come to expect me to do my best in presenting them with fresh perspectives on how to manage the challenges that most of them face as leaders in their respective organizations. Take the opportunity to set direction and manage change. So, let’s have some fun! .” Know what I mean?”

Contingency Plans 150

Contingency Plans Leadership Bottom-up Film 150

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

AUGUST 15, 2011

But if leaders take off and leave the work for others to do, resentments build up, no matter how much a particular manager thinks he or she has left clear instructions. Are there continuity, backup, and contingency plans? If anyone is working, it should be the leader. Over-communication is better than simply disappearing.

Contingency Plans 17

Contingency Plans Sharpe Bond Planning 17

Harvard Business Review

DECEMBER 26, 2014

Given that senior leaders often share the same worldview as the departing CEO and could prove to be out of touch with the changes sweeping through the industry, the board looks to the third level of management. The company should anticipate some departures and make contingency plans to appoint replacements and reach out to stakeholders.

CEO 13

CEO Contingency Plans Telecommunications Planning 13

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.

Uncertainty 9

Uncertainty Short-term Supply Chain Long-term 9

Harvard Business Review

MAY 29, 2015

Very few organizations have “a standard operating procedure” for employees taking parental time off, says Joan C. You want to start thinking about how you will manage your leave — how much time you will take, whether you’ll be in contact, how you will transition back ­— well in advance.

Planning 8

Planning Quinn Project Contingency Plans 8

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 Innovation Trends 50

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 9

Depreciation Contingency Plans Policies Marketing 9

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. need to be exploited, sidestepped, or somehow countered to make the strategy work.

Contingency Plans 8

Contingency Plans Planning Company Uncertainty 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 9

Supply Chain Depreciation Uncertainty Marketing 9

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 9

Market Risk Marketing Supply Chain Company 9