Succession Planning or Contingency Planning

Rapid BI

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.

Succession Planning or Contingency Planning

Rapid BI

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.

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The Complete List of Reasons Leaders Fail

Leadership Freak

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 […].

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. I found myself wondering if better contingency planning could have mitigated the damage.

As Brexit Negotiations Start, Companies Need Contingency Plans

Harvard Business Review

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.

Extra Steps Your Business Should Take When Risks Are Involved

Strategy Driven

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.

My Business After Hurricane Sandy: Creating a Contingency Plan

Women on Business

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.

Surviving and Thriving in Uncertainty: A book review by Bob Morris

First Friday Book Synopsis

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.

Some Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

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.

SWOT 52

7 Ways Overconfidence is Sabotoging Your Career

Let's Grow Leaders

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.

4 Steps for Making Change Happen

Great Leadership By Dan

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.

10 Leadership Lessons From My Favorite Clint Eastwood Movie Quotes

N2Growth Blog

At my firm , we help clients develop strategies and create the contingency plans needed, if certain scenarios begin to emerge.

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.

Team 101

Fear Of Change And 5 Ways To Overcome It

Tanveer Naseer

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.

Evolve As An Entrepreneur In 3 Simple Steps

Strategy Driven

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.

Change Leadership: Overcoming Change Fatigue and Organizational Burnout

Strategy Driven

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.

Is Your Team Prepared for a Safety Emergency?

Let's Grow Leaders

” 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.

This Word Unleashes Change & Innovation

N2Growth Blog

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.

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.

The External Factors Affecting Your Business

Strategy Driven

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.

Great by Choice

Leading Blog

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.

The Fear of the Finger

Nathan Magnuson

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.

What is Your Innovation Style?

Great Leadership By Dan

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.

Reel Leadership: 24 Leadership Lessons And Quotes From Marvel’s Avengers: Age Of Ultron

Joseph Lalonde

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.

Difficult conversations require your head and your heart

Aspire-CS

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.

Leadership Lessons from a Heroic Black Hawk Down Army Ranger

C-Level Strategies

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. .

4 Lessons from the Toyota Crisis

Leading Blog

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.

Four Things to Remember 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. Change. It’s a topic that provides much fodder for discussion among leaders.

Crisis Planning and Worst Case Scenarios

Execupundit

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.

How to Be a Pro-Vacation Manager in a High-Pressure Industry

Harvard Business Review

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.

As Promised – Very Long Post on Managing Remote Teams | Survive.

Survive Your Promotion

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!

Book Review: “Great by Choice: Uncertainty, Chaos, and Luck – Why Some Thrive Despite Them All”

The Practical Leader

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.

7 Strategies for Your Strategies « Linked 2 Leadership

Linked 2 Leadership

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.

7 Myths About Doing Business in Sub-Saharan Africa

Harvard Business Review

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.

5 Ways Meetings Get Off Track, and How to Prevent Each One

Harvard Business Review

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.

What Executives Really Need to Know About the “Emerging Markets Crisis”

Harvard Business Review

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.

5 Steps to Help Yourself Recover from a Setback

Harvard Business Review

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.

The Big Picture of Business – Business Success Checklist

Strategy Driven

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.

How to write an internal communications plan and strategy

Rapid BI

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.

Immigration Is at the Heart of U.S. Competitiveness

Harvard Business Review

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.