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

N2Growth Blog

Preparing your Business for Unexpected Market Shifts In this volatile and unpredictable economy, businesses must prioritize resilience by taking a proactive approach to strategic planning to ensure sustainability. Engaging in risk management and scenario planning is also paramount.

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The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 4 of 4

Strategy Driven

Next comes Crisis Planning. What-if scenario planning is similar to the processes utilized in overall company strategic planning and visioning. The crisis plan must be part of the bigger process, not an adjunct or afterthought. Prevention of leaks in customer information and losses in company market position.

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The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning

Strategy Driven

Have you done scenario planning of measures beyond your immediate control, i.e. external factors which profoundly impact your livelihood? Adjustments must be periodically made to target markets, definition of terms and modification of strategies. Speed, accuracy and efficiency of project fulfillment. Speed of order entry.

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How Organizations Can Thrive in the Digital Economy - SPONSOR CONTENT FROM KORN FERRY

Harvard Business Review

This revealed five essential leadership and organizational capabilities: discipline and focus, agility, connectivity, openness and transparency, and empowerment and alignment. Agile businesses run planning and execution in parallel, investing in scenario planning so they can act promptly when opportunities arise.