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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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Discover the 4 Powerful Tactics to Build a Resilient Organization

Lead from Within

By anticipating what might happen, you can develop strategies and contingency plans to mitigate these risks. This involves developing robust plans and processes to address these challenges effectively. Disruptions often bring about changes in the business environment, customer preferences, and market dynamics.

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Leadership Training For Executives

Experience to Lead

To manage these challenges, executives are called on to adopt a long-term perspective on organizational strategy while staying in tune with the present-day needs of clients, customers and team members. This type of work is nuanced and requires leadership skills that are often overlooked in business school.

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Managers: What’s Your Plan B?

Lead Change Blog

I found myself wondering if better contingency planning could have mitigated the damage. Caught off guard (by this new competition), Climax lost half its market share.” But it is foresight that lets you formulate a Plan B strategy before a disaster ensues. How will I adapt to changing circumstances?

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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. Provide leadership. Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise. Time management and “just in time” concepts are applied.

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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. Indeed, Ukraine’s troubles offered an opportunity to build the leadership capacity of my management team.

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Change Leadership: Overcoming Change Fatigue and Organizational Burnout

Strategy Driven

As Joan Lewis, former P&G Global Officer and SVP of Consumer and Market Knowledge says, “Hundreds or thousands of projects are good ideas but if we don’t prune the list, they will strangle each other like weeds in a garden.”. Piloting, prototyping, and contingency planning before a change can save weeks or even years of rework.