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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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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.

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Leadership Training For Executives

Experience to Lead

To manage these challenges, executives are called on to adopt a long-term perspective on organizational strategy while staying in tune with the present-day needs of clients, customers and team members. This can help executives build a network of contacts and develop relationships that will be valuable throughout their careers.

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Evolve As An Entrepreneur In 3 Simple Steps

Strategy Driven

Being an entrepreneur is not a career choice that means you can stay static. Get a marketing BBA degree or a management MBA, or any other business related degree. 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.

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Balancing Parenting and Work Stress: A Guide

Harvard Business Review

Manage the village. If it takes a village to raise a child, your job is to build and manage that village the same way you would a project team at work. The new trainee could have done a first draft of the marketing summary; the groceries could have come from an Amazon standing order. Think long-term to stay in the game.

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The Rise of the Not-So-Experienced CEO

Harvard Business Review

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.

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What to Do and Say After a Tough Reorganization

Harvard Business Review

On a personal level, “you have genuinely lost some friends” from the organization, says Kevin Coyne, the co-founder and managing director of strategy consulting firm Coyne Partners and a professor at Emory’s Goizueta Business School. Manage your stress. ” Even stars may have trouble staying positive.