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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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Strategies for Successful Business Finance

Strategy Driven

Effective financial management is a cornerstone of successful business operations. Without sound financial strategies, even the most innovative and promising ventures can stumble and fail. A well-crafted financial plan considers revenue projections, cost estimates, cash flow management, and growth strategies.

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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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What It Was Like to Be a Manager in Ukraine

Harvard Business Review

In my former position as Managing Director of Philip Morris Ukraine where I was based from January 2012 until February 2015, I was forced to see it as a business crisis that threatened our people, operations, and bottom line. Our Director of Operations led our special situations management team to respond to threats and constant changes.

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Should Leaders Go on Vacation?

Harvard Business Review

Time away while accumulating new experiences can stimulate imagination and support innovation. Are there continuity, backup, and contingency plans? Even in quiet times, there's a chance for mischief or missteps if leaders leave a vacuum, with no one clearly in charge and lack of clarity about how to operate.

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The Rise of the Not-So-Experienced CEO

Harvard Business Review

The company should anticipate some departures and make contingency plans to appoint replacements and reach out to stakeholders. Some senior leaders may be disappointed that they were passed over for the top spot in favor of a more junior candidate.

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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. I Think Not.

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