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Crisis Management in the Digital Age: Lessons for 2024’s Unpredictable Economy

N2Growth Blog

Engaging in risk management and scenario planning is also paramount. It is important to create detailed emergency plans that cover various potential outcomes, such as supply chain disruptions, sudden shifts in demand, or regulatory changes. This will serve as a safety net for the business.

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4 Game-Changing Insights Every Leader Must Know About AI

Lead from Within

The technology is poised to infiltrate various aspects of business operations, from data analysis and customer interactions to supply chain management and decision-making processes. Leaders should proactively explore how AI can augment their operations, leading to more efficient processes and improved outcomes.

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Updates from the CMI Sri Lanka Board

Chartered Management Institute

Moderated by Mr Chaminda de Silva (MBA), GM of Orel Corporation, the session focused on the need for collaboration among multiple divisions, hiring for attitude, avoiding price wars, and driving the efficiency of labour. Businesses should aim for a balance of efficiency and growth. You can watch the webinar here.

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How to Rapidly Resolve Crises in Your Business

Great Leadership By Dan

If you have a supply chain problem, go to the site and record in detail what’s going on. When you’ve found the root cause to your crisis, the most effective and efficient solution will become readily apparent. If you have unhappy customers, listen in depth to what they’re saying. Stay on target.

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Case Study: When Tragedy Strikes Your Supply Chain

Harvard Business Review

The company would have to find a way to support the victims and their families and to tighten up oversight of its supply chain. When Laura had decided that T&T should launch its own clothing lines and engage more directly with the supply chain, she’d never imagined that anything like this could happen.

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The Downside of Best Practices | N2Growth Blog

N2Growth Blog

As one example; if you are a manufacturing organization, innovation in your core could include new and improved materials, new techniques, novel approaches to supply chain management etc. They moved with the most efficient best practice as they unfold. That compilation of tasks that go from time sheet to paycheck?

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The Economic Impact of the Japanese Disasters

Harvard Business Review

Transportation disruptions and the closing of many factories throughout Japan will shrink Japanese aggregate demand and disrupt supply chains worldwide. Japan often shows itself at its best in times of crisis, setting aside internal differences and responding with inspiring levels of efficiency and self-sacrifice.

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