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.

How Contingency Plans Cause People to Perform Worse and Try Less

Leadership Freak

Will Smith said, “There is no reason to have plan “B” because it distracts from plan “A”. Jihae Shin and Katherine Milkman, from Wharton School research found that merely thinking about a backup… Continue reading → Decisions courageous leaders Leadership Leadership Development

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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.

Business Hacks to Navigate 2022 in Style

Strategy Driven

Have a Backup Plan. Having a backup plan for your business is something that is even more important in the modern world. By having a contingency plan in place for your company , you will find it easier to thrive in difficult situations.

Life Lessons From The Ziplining Tortilla

Lead Change Blog

Nowhere in the information I read or the expectations I had developed did I run across Mexican food. 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

10 Leadership Lessons From My Favorite Clint Eastwood Movie Quotes

N2Growth Blog

It’s OK to solicit the best ideas from your people and work with them to develop strategies and solutions that can make the difference for the organization. At my firm , we help clients develop strategies and create the contingency plans needed, if certain scenarios begin to emerge. Being tough, when the situation requires it, is a good characteristic to develop and possess. Leadership Management Jim Kerr leadership leadership development

When in Doubt, Rehearse!

N2Growth Blog

By Brian Layer , Chair, Organizational Development, N2growth. 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. They failed to anticipate the mistakes and mishaps that happen in all organizations.

What is Your Innovation Style?

Great Leadership By Dan

make detailed plans before I start OR __handle problems as they arise. You contribute by organizing the new projects and developing efficient systems that ensure the work or product is completed with precision and accuracy. When you have 3 on the table, turn to "structured" colleagues and discuss what needs to happen and contribute contingency plans. Guest post from Shoya Zichy: Innovation is critical to an organization''s growth and competitive advantage.

Top Tips For Construction Project Managers

Strategy Driven

Establish Clear Plans. The first step to take is to make sure that you and everyone else are on the same page regarding plans, budgets, and timelines. Construction projects are famously difficult to manage, and this is because there are often so many moving parts.

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. Lesson 3: Even the Best Culture Develops Weaknesses.

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Great by Choice

Leading Blog

Fear and worry is channeled into preparation, contingency plans, buffers and margins of safety. It is not mainly a matter of what happens to them but a matter of what they create, what they do, and how well they do it. * * * Like us on Facebook for additional leadership and personal development ideas. 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.

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.

This Word Unleashes Change & Innovation

N2Growth Blog

In fact, there are some very bright people who believe you simply cannot become a good leader without developing a mastery for using the word no – I couldn’t disagree more. By helping people refine their thinking you’re in essence clarifying your expectations, developing them in the process, and advancing the ball at the same time – this is simply good leadership. Have you ever worked for a boss who always said no ?

Evolve As An Entrepreneur In 3 Simple Steps

Strategy Driven

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. Make sure you have contingency plans in case they do fail, but don’t let failure put you off.

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. 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. Change Management Leadership Leadership Development Leading Change change leadership Change resilience Emotions Change.

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”. Development of technical abilities, specialties and expertise. Development of core business supplier relationships. Plans are in writing to address inventories and reducing surplus. Business development.

How Can You Shield Your Small Business From Disaster?

Strategy Driven

While you can’t completely insulate yourself from every single eventuality, there are steps you can take to ensure that you have the right insight and contingency plans in place should the worst happen. Creating A Communications Plan.

Leadership Lessons from the Navy

Skip Prichard

Leadership is about showing common courtesies, caring and encouraging the growth and development of those whom you lead. We were all in Newport, Rhode Island, to attend the Navy’s prestigious leadership development course known as Command Leadership School.

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. We recommend instituting after-action reviews (AARs) – formal learning sessions that were originally developed in the U.S. For any business, large or small, corporate change is critical for survival. Unfortunately, though, many of us are juggling multiple change initiatives simultaneously.

5 Ways the Best Companies Close the Strategy-Execution Gap

Harvard Business

In our experience at Bain & Company, however, this strategy-to-performance gap is rarely the result of shortcomings in implementation; it is because the plans are flawed from the start. Too many companies still follow a “Plan-then-Do” approach to strategy: The organization works tirelessly to create its best forecasts about the future market and competitive landscape. The Plan-then-Do approach is obsolete – even dangerous. James Balog/Getty Images.

Ways to Identify Issues in your Business Process

Strategy Driven

Effective processes are how businesses develop and grow. Here you will be able to uncover areas that they may feel that they need further development – so you can make sure that they are trained effectively in order to undertake their tasks either internally or externally. Developing upon these opportunities will improve the overall success of your business. Have a Contingency Plan.

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. If I’ve finished my work for the week and am planning to head out for a long weekend, why should I stop and help a team member with a project that doesn’t actually count towards my own goals? Survive Your Promotion!

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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.

10 Communication Tips for Leaders

N2Growth Blog

While developing an understanding of great communication skills is easier than one might think, being able to appropriately draw upon said skills when the chips are down is not always as easy as one might hope for. It is the ability to develop a keen external awareness that separates the truly great communicators from those who muddle through their interactions with others. Open dialogs with those that confront you, challenge you, stretch you, and develop you.

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Two Techniques for Helping Employees Change Ingrained Habits

Harvard Business

In my experience developing leaders at Intuit, Pinterest, and Google, just about everyone I’ve ever worked with is capable of and interested in getting better. I believe one reason for this is that in learning and development programs, far too little time and focus is devoted to how to change existing habits and behaviors, which are often the greatest barriers to personal growth. And considering obstacles allows us to plan for them. Daniel Day/Getty Images.

What Harvey Is Teaching the Health Care Sector About Managing Disasters

Harvard Business

All health systems have contingency plans and run drills for emergencies like a hurricane. However, the challenges wrought by a disaster can confound even the best-laid plans, and responding effectively requires using available resources in ways not previously considered. Consequently, many people developed complications from uncontrolled diabetes, heart disease, and other chronic conditions.

We Need to Approach AI Risks Like We Do Natural Disasters

Harvard Business

Intelligent Device Recovery Plans. Like the risks associated with natural disasters, companies cannot completely protect against smart-device risks by buying insurance; they must have worst-case scenario recovery plans. Contingency plans must go beyond a natural disaster playbook. Finally, policymakers should establish international trust and ethics guidelines to govern the development and implementation of ever more advanced AI products and systems. Jose A.

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? Before starting to develop any form of strategy for improvement it is important to know ‘where you are now’ or your starting point. Example plan matrix.

Making Time to Really Listen to Your Patients

Harvard Business

It is only through shared knowledge, transmitted in both directions, that physicians and patients can co-create an authentic, viable care plan. Clinicians become more likely to provide ineffective or undesired treatment and miss pertinent information that would have altered the treatment plan and are often blind to patients’ lack of understanding. The professional development should be engaging and dynamic so that adult learners seek it out because they view it as worthwhile.

Lead/”Beek”/Run – Love, kindness & bringing it “all” to the “mat”

Anese Cavanaugh

Quick preview: a 60 day blog series integrating energy/leadership development with my personal aha’s/experiences from doing a Bikram Yoga Challenge while training for a 1/2 Marathon all at the same time. What is it to set an intention, show up 100%, and still have compassion and flexibility for self when things get tough or an well intended plan truly doesn’t work? I thought I’d do something very different on this blog for a bit.

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. “Ask for a flexible schedule — it’s the only way to balance work and family.”

10 Technology Problems Modern Business Owners Have To Deal With

Strategy Driven

To set your business up for the greatest success, you need to understand the sort of issues you’ll deal with regularly, and have some plan of action to handle them. Some of the biggest threats to your company are going to develop internally. Working with MSPs or internal security groups to develop best-practices can be key here. This transition happened in 2018, and with it, more mobile tech use will likely develop. Overcoming Common Tech Issues.

A CEO’s Guide to Navigating Brexit

Harvard Business

How can leaders develop a specific view of the industry- and firm-level implications? What drives uncertainty are the magnitude and duration of these corrections; as prices guide resource allocation, their volatility and uncertainty interferes with planning and investment decisions. A scenario-based approach to planning, modeling, and preparing for multiple outcomes is therefore recommended. ” From the map, combine various values to develop multiple scenarios.

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.

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. You can’t stop that from happening, but you can make sure you have the contingency plans in place so that you’re able to handle any temporary setbacks relating to stock and so forth. Try as you might, you will never really “own” your business.

3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business

Top leaders tend to focus more on status updates than on contingency planning. When it comes to risk in Mexico, companies are paying attention to the fraught NAFTA negotiations, but not the domestic politics that could damage business plans far sooner than any NAFTA changes. Either candidate’s success could cause sufficient uncertainty for Brazilian businesses to put the brakes on investment plans. miragec/Getty Images.

Managers, What's Your Plan For Climate Change?

Harvard Business Review

The time to come up with contingency plans like these is not when hurricane force winds are bearing down on your city. Instead, smart leaders will develop their emergency-response measures well in advance and communicate them to all managers, so that the next time a major weather event strikes, everyone knows exactly what to do.

What It Was Like to Be a Manager in Ukraine

Harvard Business Review

To effectively manage that chaos, it’s necessary to develop the habit of continuously processing new information, playing out “what if” scenarios, calculating risk factors, and running through checklists. With each new development, we learned to assess what it meant by asking, “What is in front of us and what are the consequences?” Most of the world views the turmoil in Ukraine as a geopolitical and humanitarian catastrophe.

Managing Risk in Career Decisions

Harvard Business Review

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. You expect to accept the offer. But hold on just a minute.

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. The region’s development will likely span several decades. It has been present in Sub-Saharan Africa for many decades and established local offices to advise governments of countries that are in the early stages of development on infrastructure projects, such as building railways and hospitals.

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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.

Every Manager Is a Risk Manager

Harvard Business Review

In other words, it's a form of proactive contingency planning — either to completely avoid difficult situations, or prepare for them so that any undesirable consequences are lessened. And that goes for unanticipated positive developments as well, for example how to cope with a sudden surge in orders. An MBA student once asked me to give her a simple explanation of the "risk management function."

The Olympics as a Story of Risk Management

Harvard Business Review

Simulations of security incidents were rehearsed, and contingency plans for mass evacuations or emergency situations were put in place. In the run-up to the London 2012 Olympics, for example, the global financial crisis caused private developers for the Olympic Village project to withdraw, requiring a refinancing package backed by government. Ensuring readiness for Games-time (in Olympic-speak) now involves strategic pre-emption through stress-testing and scenario planning.