article thumbnail

Contingency Planning | N2Growth Blog

N2Growth Blog

While this is understandable, it is nonetheless naive, and it constitutes a major flaw in the business logic of most strategic plans. 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.

article thumbnail

Discover the 4 Powerful Tactics to Build a Resilient Organization

Lead from Within

This involves staying informed about industry trends, emerging technologies, and potential risks. By anticipating what might happen, you can develop strategies and contingency plans to mitigate these risks. This involves developing robust plans and processes to address these challenges effectively.

Tactics 155
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Managers: What’s Your Plan B?

Lead Change Blog

Others, full of optimism, forge ahead with gusto, experience meteoric success, and later face a precipitous change in fortune due to a circumstance that could have been planned for. For career and business success, it’s worth pursuing a middle ground—one where we take calculated risks but have a fallback strategy in case Plan A craters.

Planning 150
article thumbnail

Strategies for Successful Business Finance

Strategy Driven

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. Financial Planning One of the first and most critical steps in achieving business financial success is creating a comprehensive financial plan.

Finance 95
article thumbnail

6 Tips to Avoid Issues During Your Commercial Move

Strategy Driven

Relocating a business is a monumental task that requires meticulous planning and execution. Without proper planning, businesses risk operational disruptions, financial losses, and a negative impact on customer relations. Plan Your Move Well in Advance The key to a successful commercial move lies in early and thorough planning.

Tips 96
article thumbnail

Business Practices For The Agricultural Industry

Strategy Driven

Keep Up With Technology Growth. The agricultural industry, over the years, has seen constant evolution, and new technologies are always developing. Plan For The Future. It is important to plan for these eventualities to minimize the impact on your business. Diversify Your Market.

article thumbnail

Some Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It''s also used to articulate the challenges an organization has, enabling contingency plans. Operations (facilities, capacity, distribution channels, supply chain, costs, use of technology). Technological (pace and changes in technology). Organizational (leadership, accountability, commitment, engagement).

SWOT 99