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Crisis Management in the Digital Age: Lessons for 2024’s Unpredictable Economy

N2Growth Blog

Digital technology has become a guiding light in these uncertain times, taking on a more prominent role in companies’ strategic plans. Engaging in risk management and scenario planning is also paramount. These factors are redefining the shape of the global economic terrain.

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Succession Planning: Not Just for Older Leaders

N2Growth Blog

In fact, in research reported in the Strategic Management Journal (February 2006), Henderson, Miller and Hambrick found “in the dynamic computer industry, CEOs were at their best when they started their jobs, and firm performance declined steadily across their tenures, presumably as their paradigms grew obsolete more quickly than they could learn.”.

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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.

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Why Many Planning Sessions Are a Waste of Time and How to Fix Them

The Practical Leader

I was asked to facilitate an annual strategic planning retreat with a senior leadership team. Hmm…oh, oh… Looking at the typical approach they’ve used before, four common strategic planning problems immediately popped out: The agenda was loaded with about 17 project/operational presentations/reviews and updates.

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When in Doubt, Rehearse!

N2Growth Blog

Lately I’ve seen several leaders trip over the unexpected outcome of a grand plan. It not only gave me an opportunity to learn the logic of play calling but it taught me how to consider risk and plan for unexpected outcomes. Leadership And Contingency Planning. By Brian Layer , Chair, Organizational Development, N2growth.

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Strategies for Overcoming Crisis in The Hospitality Industry

Strategy Driven

The Covid-19 pandemic is one obvious example of an uncontrollable crisis affecting almost every industry in one way or another. While many wise businesses will have a crisis management strategy in place, it’s a situation few could have directly planned for. The hospitality sector has been among the hardest hit.

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How to Deal with An Intimidating Leader

Lead from Within

Many organizations operate out of the belief that people in leadership need a tough mindset to be effective. When you need to communicate with your intimidating leader, plan and rehearse to make sure you’re clear, direct, confident and firm about what you’re saying. The One Aspect Of Crisis Management That No One Talks About.

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