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. Smart leaders view obstacles as a constant rather than a variable, and incorporate that thinking into their planning.

Preparing Your Business for COVID-19

Lead Change Blog

Preparations include creating a disease outbreak response plan, preparing for event cancellations, enforcing a more stringent cleaning process for offices, and cross-training employees in case some get sick or need to take care of family members who are. Planning Fallacy — We tend to believe that things will always go according to plan. This mental blindspot leads us to be ill-prepared for problems and contingencies.

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7 Ways to Help Your Team Deal with Ambiguity

Let's Grow Leaders

Find a trusted advisor (could even be a team member) who finds change and ambiguity exhilarating to help you with your plan. Brainstorm those possibilities and develop contingency plans. Career & Learning Communication dealing with ambiguity dealing with uncertainty leading your team through change

Team 316

6 Mantras That Will Set You Apart as a Genuine Leader

Lead from Within

Strategic planning–the process of translating vision into realistic business strategies–provides you with a structure to balance long-term goals with immediate needs, update plans to reflect changing circumstances, and develop contingency plans for the wider range of possibilities. Your strategic plan is worthless unless you have a strategic vision. Lead From Within Business Career Inc.

Managing Risk in Career Decisions

Harvard Business Review

These risks are prevalent in any career decision, especially those that affect your financial security and personal life. He wasn't sure how his relationship with his children would develop if he relocated. Is there a contingency plan? Career planning Decision making Job searchYou like your current position, and you're doing well, but you just got a surprisingly attractive job offer. It's exciting. Your friends say they're happy for you.

Evolve As An Entrepreneur In 3 Simple Steps

Strategy Driven

Being an entrepreneur is not a career choice that means you can stay static. If you’re never moving forwards and developing your skills, you’ll just get passed by all the other entrepreneurs that are doing just that. This is essential if you want to develop your skills as an entrepreneur. If you plan everything correctly and do all the research, calling on advice from others and your new knowledge, you can easily start new business ventures. Photo courtesy of Pexels.

Leadership Lessons from the Navy

Skip Prichard

Captain Mark Brouker, retired US Navy , is a wealth of practical leadership wisdom gained from his military career as well as his experience as a professor, executive coach, and speaker. I did just that during the first fifteen years or so of my Navy career.

Balancing Parenting and Work Stress: A Guide

Harvard Business

These pieces of advice have helped “move the numbers” as part of broad-scale corporate retention programs I’ve developed. Make friends in the business development team so that you know about the big local client projects coming up and can volunteer for them early (no business travel!). ” Have a Plan B — and don’t wait for a crisis to use it. The baby will only have the flu for a week, and you want to be in this career you love for decades.

When Change Hits “Upside the Head”

You're Not the Boss of Me

We anticipate it; study it; plan for it; and, if we are smart (or lucky), we make it happen or respond to it with strength, a sense of purpose and a clear head. The trauma brought about by such change happens every day to countless people, people without contingency plans, or any idea how they are going to cope with what has happened to them. I think in our careers the same thing can happen.

The Rise of the Not-So-Experienced CEO

Harvard Business Review

Boards are reaching deeper into the companies they oversee to find executives who embrace disruptive technologies and digital media; have a proven record of innovation; are confident global citizens, able to operate in developed, emerging, and frontier markets and lead across diverse cultures; have an acute understanding of shifting demographics in their customer base; and have adaptive leadership traits, such as exceptional curiosity, open-mindedness, and the courage to act.

What to Do and Say After a Tough Reorganization

Harvard Business Review

Once you’ve absorbed the planned changes, you need to think about what they mean for your day-to-day responsibilities and your potential job satisfaction, according to Coyne. ’” Showing compassion is not only kind it’s also a smart career move, according to Coyne. Reorgs are an opportunity for you to “take control of your career” says Spreitzer, but you must also make sure you and your manager agree on where you should be focusing.

Planning Maternity or Paternity Leave: A Professional’s Guide

Harvard Business Review

The lack of parental leave plans in most US organizations “reflects the disconnect between people’s personal lives and their work lives,” says Lotte Bailyn, professor emerita at the MIT Sloan School of Management. She says that some people worry that they will be “written off” once they announce their family plans. About a month before your leave, ask your supervisor for help in creating a “transition-out plan,” says Williams.