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.

What is Your Innovation Style?

Great Leadership By Dan

Guest post from Shoya Zichy: Innovation is critical to an organization''s growth and competitive advantage. make detailed plans before I start OR __handle problems as they arise. If you chose more items on the left, your inborn styles is that of a "structured" innovator. You contribute by organizing the new projects and developing efficient systems that ensure the work or product is completed with precision and accuracy. type Shoya Zichy personality innovation styles

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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. The word no ends discussions, stifles creativity, kills innovation, impedes learning, and gates initiative. 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 ?

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”. It is important to identify swings and trends so that innovation can remain a strength of your business. Development of technical abilities, specialties and expertise. Development of core business supplier relationships.

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.

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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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. External Innovation: Good. External Innovation: Bad.

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."

How Multinationals Can Grow in the Middle East and Africa

Harvard Business

oil services provider McDermott International plans to build a fabrication yard at a Saudi Aramco shipping complex; Amazon bought the Middle East’s biggest online retailer Souq.com; and Boeing finalized its multi-billion dollar deal with Iran. unilaterally pulls out of the Iran nuclear deal), building contingency plans, and diversifying their portfolio of markets. Jennifer Maravillas for HBR.

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. Modest innovation to address the intertwined problems of deflation and inequality is needed.

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What a Changing NAFTA Could Mean for Doing Business in Mexico

Harvard Business

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. In this scenario, which most now deem highly unlikely, multinationals would require a full strategic reset for their short-term operating plans.