N2Growth Blog
APRIL 5, 2010
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.)
N2Growth Blog
JUNE 6, 2024
This heightened accountability holds great promise for industries such as healthcare, finance, and supply chains, fundamentally reshaping how businesses conduct their operations. These disruptive innovations have a massive impact across various sectors, such as healthcare, finance, retail, education, and travel.
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Strategy Driven
MAY 16, 2024
Ensure the Team Is Aware of the Budget It’s important the team is aware of the budget, and is able to communicate if it’s realistic as far as their role goes. Be open to ideas of potentially cutting costs that don’t undermine the integrity of the endeavor, based on your team’s various experiences in the position.
Strategy Driven
JULY 27, 2019
These resources could be related to something as complicated as finances or something very human as the workforce. Also, when we talk about allocating resources, it is not just the duty of the management to chalk out efficacious plans that would cater to the topic at hand. Come Up With a Contingency Plan.
Strategy Driven
NOVEMBER 6, 2015
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”. Strategic Plan includes provisions for refinancing, equity and debt financing.
Harvard Business Review
FEBRUARY 20, 2014
Last fall my research team at Frontier Strategy Group designated Ukraine, Turkey, and Argentina as most vulnerable to a liquidity crisis because of their high levels of short-term external debt. Economy Finance Global business' But these risks were known months ago. You don’t control the markets, but you can control your business.
Harvard Business Review
NOVEMBER 9, 2012
This is a concept fundamental to finance but that, for some reason, has not migrated into supply chain risk management. In addition, there is often a knowing-doing gap between enterprise risk management teams and the business itself. Because the fact that value is not guaranteed in the future lessens value in the present.
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