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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

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. An inefficient operation results in unproductive activities which often miss the point and worse yet, result in wasted time and wasted resources.

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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. At the start of the Atlanta 1996 Olympics, it was a catalog of minor operational and logistical problems that led journalists to start reporting on "the glitch Games."

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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

Multinational companies operating in Mexico are facing a great deal of uncertainty. If he wins with only a narrow victory, as seems likely, his administration would have a limited mandate for populist reforms that would severely damage foreign investment flows and public finances. 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. They did not spend as much time thinking about local events that have implications for their emerging market operations. miragec/Getty Images. This means that many emerging market risks get cut from the senior leadership agenda.