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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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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.

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Fixing the Euro Zone and Reducing Inequality, Without Fleecing the Rich

Harvard Business Review

Increasing inequality of income and wealth has occurred across the developed world for the past 30 years, with the majority of the gains from technology, globalization and deregulation accruing to a small minority in each country. It would provide the Fed and Bank of England with a contingency plan should their economies faced renewed shocks.

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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. Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity.

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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. Communicate more effectively. Classic business theory tells leaders to stay at arms length.

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What a Changing NAFTA Could Mean for Doing Business in Mexico

Harvard Business Review

While consumer spending has proven resilient, with same-store retail sales rising 6% YOY in April , most multinational corporations are developing contingency plans to mitigate risks to their businesses and reassessing the country’s role in their global market portfolio and supply chains. Renegotiating NAFTA.

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3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

Top leaders tend to focus more on status updates than on contingency planning. Europe’s migrant crisis illustrates how events in developing countries create ripple effects that ultimately affect global business. miragec/Getty Images. This means that many emerging market risks get cut from the senior leadership agenda.