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. MORE
Bob's blog entries “Voice of Experience” mini-commentaries relevant to the given context contingency planning crisis response Frederick Funston how to survive and thrive by making correct judgments its implications and possible (if not probable) consequences of risk must also be fully understood John Wilkey & Sons Inc Oxford University Press Risk cannot be managed until it is recognized within its context risk management Risk unmanaged is risk exacerbated Samuel B. MORE
While there might be plenty of directions you want to take your company in, you’ll also be subject to the whims and plans of your fellow humans, who all too often (it can feel like) have plans that are out of sync with your own. MORE
Succession Planning or Contingency Planning - Succession Planning or Contingency Planning is often talked about, but often considered too complex and expensive for many organizations or businesses to understand & put in action Related posts: Strategic Analysis and Planning Five ways to make leadership succession planning work Counter Offers, Human Capital & Retention. MORE
Multinational companies do have their work cut out for them, and should take a second look at their 2014 plans — but this requires separating the signal from the noise to focus on their most important management challenges. We believe the peso has further to fall but timing is difficult to predict, so if this region is vital to your business, contingency planning is the order of the day. MORE
Internal communications Plan. Increasingly Human Resources (HR) or Organizational Development (OD) teams are being asked to drive and deliver internal communications, but what is an internal communications plan and how do you go about writing and applying one? Why have internal communications plans? An effective approach to developing an internal communication plan starts not with what we need to do, but why we need to do it. Example plan matrix. Plan, announce. MORE
Succession Planning or Contingency Planning - Succession Planning or Contingency Planning is often talked about, but often considered too complex and expensive for many organizations or businesses to understand & put in action Related posts: Strategic Analysis and Planning Counter Offers, Human Capital & Retention Nine box grids for talent management. MORE
The paranoid think about what could go wrong and make contingency plans. Leading contingency plans Leadership organizational values Top 12 reasons leaders fail: Neglecting culture. Culture building is job-one for all leaders. Lack of paranoia. Bitterness, grudges, and resentment. People fail. Successful leaders allow fresh starts. Task rather than people focus. Accepting complexity. Lack of political awareness. Successful leaders build relationships […]. MORE
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. I found myself wondering if better contingency planning could have mitigated the damage. MORE
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. ” The Brexit-related factors that he cites include exchange rate movements, share price shifts following policy announcements, and the cost of shifting investment plans in the light of anticipated shifts in trade policy. MORE
Workplace Issues contingency planning LeadershipAs an independent micro business owner, I relish holidays. However, I’m also a little fearful of them. This may sound odd. How could one be afraid of taking time off to recharge the batteries? MORE
Piloting, prototyping, and contingency planning before a change can save weeks or even years of rework. For any business, large or small, corporate change is critical for survival. Unfortunately, though, many of us are juggling multiple change initiatives simultaneously. MORE
Executives should build step-by-step long-term expansion plans, but avoid delaying entry as securing market share will become increasingly difficult. To succeed in the continent, executives must develop long-term plans while remaining prepared to weather short-term disruptions. MORE
Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise. Most successful businesses have planned responses to most scenarios because they took the time to think “What If”. Plans are in writing to address inventories and reducing surplus. Legal compliance and precautions plan is annually updated, with measurable goals. Purchasing plan (with processes and vendor lists) is in writing. MORE
All authentic change goes through three stages: 1) Anticipation 2) Regression 3) Consolidation Anticipation is the exciting stage of change where we anticipate the benefits and make our transitional plans. Create consensus by presenting your plan to colleagues and stakeholders. MORE
You’ve Got No Plan B. You’re so confident you’re on the fast track, you stop networking or creating contingency plans. When you think you know what to do, it’s easy to ignore data that doesn’t fit your plan. MORE
make detailed plans before I start OR __handle problems as they arise. When you have 3 on the table, turn to "structured" colleagues and discuss what needs to happen and contribute contingency plans. MORE
For business leaders this means providing your teams the training and tools needed to be successful, knowing your objective and strategies inside and out, and having contingency plans that are just as defined and well-rehearsed. . MORE
Employees asked whether we have a contingency plan if they were unable to reenter the U.S. John F. Kennedy Airport, 1981. I was 11 years old, and my mom and I had just arrived from Guyana. Together, we had $34. We approached a big machine that we had never seen before and stood at bottom puzzling over the best way to get on and off it. Later we learned that the machine was called an escalator. MORE
you say… But wait a minute… The Strategy Paradox Perhaps previous strategy plans wound up on the shelf and later in the trash for the dumpster divers to use as kindling for their nightly winter fires. However, this new strategy plan is better and you have spared no time or expense. MORE
” I was intrigued.The team went into a well-orchestrated checklist delegating contingency emergency assignments and ensuring that everyone knew where the nearest exits and fire extinguishers were. Making a Safety Plan. Yes, yes, plan for the big stuff. MORE
Female Executives Strategy Uncategorized contingency plan hurricane virtual assistantHurricane Sandy was a monumental, hopefully once in a lifetime, storm. As the hurricane approached the East Coast many people frantically prepared to keep their families safe and supplies stocked. There was a run on the stores as people purchased enough food to last for a week, water to drink and gas to run generators and cars. MORE
Have you identified all the risks here, and what are your contingency plans should things not progress as expected? Have you ever worked for a boss who always said no ? If you have, my first guess is it was a frustrating experience. MORE
A contingency plan isn’t available when the two-way interaction doesn’t go the way you’d planned. Leaders have to become increasingly more skilled at having difficult conversations with others as they take on more responsibility. Greater numbers of people might be relying on them to lead, which often entails tricky situations and tough discussions. MORE
Businesses have Continuity and Contingency Plans (BCCP’s) in case disaster strikes, and they are supposed to test their systems periodically. Everything Else Business Continuity and Contingency Planning Change Management Ziplining MORE
Spend some time using the SMART goal planning process so that you know you and your team are on the same page about what’s important and when it’s due. Survive Your Promotion! MORE
This step can also help you think about backup and contingency plans to cope with these forces. And the upward counterfactuals give you a starting point for planning the next go-round and improving your subsequent performance. Neuroimaging studies suggest that since counterfactual thinking happens in the same part of the brain as planning, it might serve as a sort of interface between emotional thinking and goal setting. This was not your best week. MORE
Have a Plan for When Tech Disaster Strikes. All of these things need to be planned for properly. Risk Management contingency planning risk management strategydrivenRunning a company is risky business. There is no risk-free way of doing it. MORE
Step 2: Have a plan for getting initial buy-in (include contingencies) Make sure your proposal takes into account all these legitimate concerns and potential dangers surrounding change. Anticipate all possible objections and create contingency plans for anything that could go wrong. MORE
It''s also used to articulate the challenges an organization has, enabling contingency plans. A SWOT analysis is a tool used to assess an organization''s strengths, weaknesses, opportunities and threats. The purpose of using the SWOT tool is to uncover or reveal the organization''s competitive advantages, and what opportunities (sales, profitability) to capitalize upon. An analysis of the organization''s strengths and weaknesses is typically an internal examination process. MORE
Not good bedtime reading but the sort of analysis which you hope has already produced some practical contingency plans While watching the news, I pulled two books off the shelf: 6 Nightmares: Real Threats in a Dangerous World and How America Can Meet Them by Anthony Lake. MORE
A business executive continues with a risky plan in spite of damning information in hopes it will work out because to turn back would be to appear to admit defeat. Have a plan and a contingency plan. MORE
Have a backup plan : The Scarlet Witch was able to touch the Hulk and unleash his rage. Tony Stark knows this is trouble but he had a backup plan… He knew he had to call on Veronica. Think of a contingency plan and have one ready in case you need it. MORE
At my firm , we help clients develop strategies and create the contingency plans needed, if certain scenarios begin to emerge. MORE
Thoroughly consider alternative solutions, then pick a path, develop a detailed plan, and execute with discipline and energy. Therefore, the chief questions to ask yourself about how your company will respond in a crisis are not contingency plans and policies, but about your culture and your people. “Crisis response must start by building a strong culture long before the crisis hits,” say Jeffrey Liker and Tim Ogden, authors of Toyota Under Fire. MORE
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. Make sure you have contingency plans in case they do fail, but don’t let failure put you off. Photo courtesy of Pexels. MORE
They channel their fear and worry into action, preparing, developing contingency plans, building buffers, and maintaining large margins of safety." This is a very timely, inspiring, and practical book for leading in turbulent times. MORE
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. MORE
Ask your team about their vacation plans. Create a contingency plan. Work together to identify someone you both trust to be accountable and agree on a plan of action to ensure that nothing falls through the cracks. MORE
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. Change. It’s a topic that provides much fodder for discussion among leaders. MORE
Fear and worry is channeled into preparation, contingency plans, buffers and margins of safety. It is a defeatist attitude to think that luck or circumstances primarily make you what you are. Luck, both good and bad happen to us all. We cannot control much of what happens around us, but the choices we make, as Jim Collins and Morten Hansen’s research confirms, determine our success. MORE
For example, in a planning discussion one member may say, “I think we shouldn’t adjust the plan until we see the financials from the first quarter.” We’ve all been in frustrating meetings where one person keeps going off on tangents. MORE
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. MORE
Contingency Plans Related Topics Rapid BI
DECEMBER 28, 2012
Succession Planning or Contingency Planning - Succession Planning or Contingency Planning is often talked about, but often considered too complex and expensive for many organizations or businesses to understand & put in action Related posts: Strategic Analysis and Planning Five ways to make leadership succession planning work Counter Offers, Human Capital & Retention.
Rapid BI
DECEMBER 28, 2012
Succession Planning or Contingency Planning - Succession Planning or Contingency Planning is often talked about, but often considered too complex and expensive for many organizations or businesses to understand & put in action Related posts: Strategic Analysis and Planning Counter Offers, Human Capital & Retention Nine box grids for talent management.
Leadership Freak
MAY 14, 2013
The paranoid think about what could go wrong and make contingency plans. Leading contingency plans Leadership organizational values Top 12 reasons leaders fail: Neglecting culture. Culture building is job-one for all leaders. Lack of paranoia. Bitterness, grudges, and resentment. People fail. Successful leaders allow fresh starts. Task rather than people focus. Accepting complexity. Lack of political awareness. Successful leaders build relationships […].
Lead Change Blog
JULY 16, 2015
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. I found myself wondering if better contingency planning could have mitigated the damage.
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. ” The Brexit-related factors that he cites include exchange rate movements, share price shifts following policy announcements, and the cost of shifting investment plans in the light of anticipated shifts in trade policy.
Strategy Driven
DECEMBER 9, 2016
Have a Plan for When Tech Disaster Strikes. All of these things need to be planned for properly. Risk Management contingency planning risk management strategydrivenRunning a company is risky business. There is no risk-free way of doing it.
Women on Business
OCTOBER 31, 2012
Female Executives Strategy Uncategorized contingency plan hurricane virtual assistantHurricane Sandy was a monumental, hopefully once in a lifetime, storm. As the hurricane approached the East Coast many people frantically prepared to keep their families safe and supplies stocked. There was a run on the stores as people purchased enough food to last for a week, water to drink and gas to run generators and cars.
First Friday Book Synopsis
JULY 31, 2011
Bob's blog entries “Voice of Experience” mini-commentaries relevant to the given context contingency planning crisis response Frederick Funston how to survive and thrive by making correct judgments its implications and possible (if not probable) consequences of risk must also be fully understood John Wilkey & Sons Inc Oxford University Press Risk cannot be managed until it is recognized within its context risk management Risk unmanaged is risk exacerbated Samuel B.
Six Disciplines
JULY 25, 2014
It''s also used to articulate the challenges an organization has, enabling contingency plans. A SWOT analysis is a tool used to assess an organization''s strengths, weaknesses, opportunities and threats. The purpose of using the SWOT tool is to uncover or reveal the organization''s competitive advantages, and what opportunities (sales, profitability) to capitalize upon. An analysis of the organization''s strengths and weaknesses is typically an internal examination process.
Let's Grow Leaders
NOVEMBER 5, 2014
You’ve Got No Plan B. You’re so confident you’re on the fast track, you stop networking or creating contingency plans. When you think you know what to do, it’s easy to ignore data that doesn’t fit your plan.
Great Leadership By Dan
FEBRUARY 20, 2014
Step 2: Have a plan for getting initial buy-in (include contingencies) Make sure your proposal takes into account all these legitimate concerns and potential dangers surrounding change. Anticipate all possible objections and create contingency plans for anything that could go wrong.
N2Growth Blog
SEPTEMBER 12, 2016
At my firm , we help clients develop strategies and create the contingency plans needed, if certain scenarios begin to emerge.
Let's Grow Leaders
SEPTEMBER 17, 2014
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.
Tanveer Naseer
JANUARY 14, 2014
All authentic change goes through three stages: 1) Anticipation 2) Regression 3) Consolidation Anticipation is the exciting stage of change where we anticipate the benefits and make our transitional plans. Create consensus by presenting your plan to colleagues and stakeholders.
Strategy Driven
AUGUST 12, 2017
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. Make sure you have contingency plans in case they do fail, but don’t let failure put you off. Photo courtesy of Pexels.
Strategy Driven
MARCH 18, 2016
Piloting, prototyping, and contingency planning before a change can save weeks or even years of rework. For any business, large or small, corporate change is critical for survival. Unfortunately, though, many of us are juggling multiple change initiatives simultaneously.
Let's Grow Leaders
DECEMBER 4, 2015
” I was intrigued.The team went into a well-orchestrated checklist delegating contingency emergency assignments and ensuring that everyone knew where the nearest exits and fire extinguishers were. Making a Safety Plan. Yes, yes, plan for the big stuff.
N2Growth Blog
MAY 31, 2017
Have you identified all the risks here, and what are your contingency plans should things not progress as expected? Have you ever worked for a boss who always said no ? If you have, my first guess is it was a frustrating experience.
N2Growth Blog
JUNE 19, 2013
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.
Strategy Driven
MARCH 4, 2017
While there might be plenty of directions you want to take your company in, you’ll also be subject to the whims and plans of your fellow humans, who all too often (it can feel like) have plans that are out of sync with your own.
Leading Blog
OCTOBER 24, 2011
Fear and worry is channeled into preparation, contingency plans, buffers and margins of safety. It is a defeatist attitude to think that luck or circumstances primarily make you what you are. Luck, both good and bad happen to us all. We cannot control much of what happens around us, but the choices we make, as Jim Collins and Morten Hansen’s research confirms, determine our success.
Nathan Magnuson
JULY 7, 2014
A business executive continues with a risky plan in spite of damning information in hopes it will work out because to turn back would be to appear to admit defeat. Have a plan and a contingency plan.
Great Leadership By Dan
JULY 5, 2013
make detailed plans before I start OR __handle problems as they arise. When you have 3 on the table, turn to "structured" colleagues and discuss what needs to happen and contribute contingency plans.
Joseph Lalonde
MAY 1, 2015
Have a backup plan : The Scarlet Witch was able to touch the Hulk and unleash his rage. Tony Stark knows this is trouble but he had a backup plan… He knew he had to call on Veronica. Think of a contingency plan and have one ready in case you need it.
Aspire-CS
MAY 23, 2012
A contingency plan isn’t available when the two-way interaction doesn’t go the way you’d planned. Leaders have to become increasingly more skilled at having difficult conversations with others as they take on more responsibility. Greater numbers of people might be relying on them to lead, which often entails tricky situations and tough discussions.
C-Level Strategies
OCTOBER 24, 2011
For business leaders this means providing your teams the training and tools needed to be successful, knowing your objective and strategies inside and out, and having contingency plans that are just as defined and well-rehearsed. .
Leading Blog
JUNE 3, 2011
Thoroughly consider alternative solutions, then pick a path, develop a detailed plan, and execute with discipline and energy. Therefore, the chief questions to ask yourself about how your company will respond in a crisis are not contingency plans and policies, but about your culture and your people. “Crisis response must start by building a strong culture long before the crisis hits,” say Jeffrey Liker and Tim Ogden, authors of Toyota Under Fire.
You're Not the Boss of Me
AUGUST 3, 2014
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. Change. It’s a topic that provides much fodder for discussion among leaders.
Execupundit
OCTOBER 21, 2014
Not good bedtime reading but the sort of analysis which you hope has already produced some practical contingency plans While watching the news, I pulled two books off the shelf: 6 Nightmares: Real Threats in a Dangerous World and How America Can Meet Them by Anthony Lake.
Harvard Business Review
JUNE 22, 2015
Ask your team about their vacation plans. Create a contingency plan. Work together to identify someone you both trust to be accountable and agree on a plan of action to ensure that nothing falls through the cracks.
Survive Your Promotion
MARCH 31, 2010
Spend some time using the SMART goal planning process so that you know you and your team are on the same page about what’s important and when it’s due. Survive Your Promotion!
The Practical Leader
NOVEMBER 23, 2011
They channel their fear and worry into action, preparing, developing contingency plans, building buffers, and maintaining large margins of safety." This is a very timely, inspiring, and practical book for leading in turbulent times.
Linked 2 Leadership
DECEMBER 21, 2010
you say… But wait a minute… The Strategy Paradox Perhaps previous strategy plans wound up on the shelf and later in the trash for the dumpster divers to use as kindling for their nightly winter fires. However, this new strategy plan is better and you have spared no time or expense.
Harvard Business Review
JULY 3, 2015
Executives should build step-by-step long-term expansion plans, but avoid delaying entry as securing market share will become increasingly difficult. To succeed in the continent, executives must develop long-term plans while remaining prepared to weather short-term disruptions.
Harvard Business Review
MAY 3, 2016
For example, in a planning discussion one member may say, “I think we shouldn’t adjust the plan until we see the financials from the first quarter.” We’ve all been in frustrating meetings where one person keeps going off on tangents.
Harvard Business Review
FEBRUARY 20, 2014
Multinational companies do have their work cut out for them, and should take a second look at their 2014 plans — but this requires separating the signal from the noise to focus on their most important management challenges. We believe the peso has further to fall but timing is difficult to predict, so if this region is vital to your business, contingency planning is the order of the day.
Harvard Business Review
DECEMBER 9, 2016
This step can also help you think about backup and contingency plans to cope with these forces. And the upward counterfactuals give you a starting point for planning the next go-round and improving your subsequent performance. Neuroimaging studies suggest that since counterfactual thinking happens in the same part of the brain as planning, it might serve as a sort of interface between emotional thinking and goal setting. This was not your best week.
Strategy Driven
NOVEMBER 6, 2015
Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise. Most successful businesses have planned responses to most scenarios because they took the time to think “What If”. Plans are in writing to address inventories and reducing surplus. Legal compliance and precautions plan is annually updated, with measurable goals. Purchasing plan (with processes and vendor lists) is in writing.
Rapid BI
OCTOBER 10, 2012
Internal communications Plan. Increasingly Human Resources (HR) or Organizational Development (OD) teams are being asked to drive and deliver internal communications, but what is an internal communications plan and how do you go about writing and applying one? Why have internal communications plans? An effective approach to developing an internal communication plan starts not with what we need to do, but why we need to do it. Example plan matrix. Plan, announce.
Harvard Business Review
MAY 15, 2017
Employees asked whether we have a contingency plan if they were unable to reenter the U.S. John F. Kennedy Airport, 1981. I was 11 years old, and my mom and I had just arrived from Guyana. Together, we had $34. We approached a big machine that we had never seen before and stood at bottom puzzling over the best way to get on and off it. Later we learned that the machine was called an escalator.
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