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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

Sometimes the difficulty of managing your time makes for a haphazard operation. 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”.

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How to Allocate Resources Effectively In a Business Enterprise

Strategy Driven

There is no way a business can thrive without having the right skills to manage whatever resources it has at its disposal. On the other hand, the ones starting from scratch, with nothing but scraps have made it big only with their sheer skill of resource management and colossal intelligence. Come Up With a Contingency Plan.

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Why Quants Should Manage Your Supply Chain Risk

Harvard Business Review

When last year's massive earthquake hit Japan, the effect on electronics production was severe, and it also resulted in extended business disruptions for many in the automotive industry. This is a concept fundamental to finance but that, for some reason, has not migrated into supply chain risk management.

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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. Consider localizing production and sourcing to maintain price competitiveness.

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10 Communication Tips for Leaders

N2Growth Blog

Bonus - Always have a Plan B : Another component of communications strategy that is rarely discussed is how to prevent a message from going bad, and what to do when does. It’s called being prepared and developing a contingency plan. If your expertise, empathy, clarity, etc.

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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.