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contingency planning Tagged Articles
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Maintaining Company Stability --- Contingency Planning
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| A “Contingency Plan” is a plan developed for a specific situation when things “could” go wrong or are going wrong. Contingency plans include specific strategies, initiatives and actions designed to deal with identified variances to assumptions. These variances usually result in a particular problem, emergency, or state of affairs. The plan also includes a monitoring process and “triggers” for initiating planned actions. |
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The Sky Isn’t Falling
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| Some of you may be taking the attitude that now is the time to hunker down, cut costs and go into a cautious no risk taking mode while putting duct tape on your wallets and purses. Although I believe caution is prudent and contingency planning may be essential I’d like to stress that you shouldn’t make blind assumptions and react too quickly without doing a complete analysis of your independent customer base and markets. |
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When Your Clock Strikes Midnight
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| No matter how long you've been 'Belle of the Ball,' there comes a time into every person's life that the clock strikes twelve. What happens then (or is it NOW)? |
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Other contingency planning Related Articles
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Do You Know Where Your Disaster Recovery Plan Is
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| Disasters of major magnitude are major news again after the Gulf coast region of the United States was hit by 2 major hurricanes. So it is very timely for me to ask each of you: “Do you know where your disaster recovery plan is?” “Do you even have a disaster recovery plan or crisis management plan?” “What business contingency plans do you have?” I am very concerned that in too many cases the answers would be “No” “No” and “None!”
The plain hard truth is that if your business is going to continue to perform at a profitable or administratively adequate level when a crisis occurs, crisis/emergency planning is imperative. You must have a properly prepared disaster recovery plan in place and have the appropriate staff fully briefed on their responsibilities. |
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“The Top Ten Reasons Strategic Planning Meetings Fail, According To Your Strategic Thinking Business Coach”
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| Strategic planning is an awesome and powerful process that sometimes gets a bad rap because of some bad experiences people have had when engaging in some form of strategic planning meetings. Many times the combination of personal agendas, absence of open minds, and preconceived judgments about the strategic planning process can turn strategic planning meetings into real disasters. And frankly, there are many reasons why so many strategic planning meetings are unsuccessful. Your Strategic Thinking Business Coach has developed a list of the top 10 reasons why strategic planning meetings fail. And the Top 10 Reasons are: |
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3 Smart Ways Home Business Owners Handle the Unexpected
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| A lengthy illness, accident or unexpected death could mean the collapse of your business. Although you can never be one hundred percent certain you've covered every contingency, here are three simple steps you can take today to give yourself the best protection possible. |
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Maintaining Company Stability --- Contingency Planning
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| A “Contingency Plan” is a plan developed for a specific situation when things “could” go wrong or are going wrong. Contingency plans include specific strategies, initiatives and actions designed to deal with identified variances to assumptions. These variances usually result in a particular problem, emergency, or state of affairs. The plan also includes a monitoring process and “triggers” for initiating planned actions. |
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The Sky Isn’t Falling
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| Some of you may be taking the attitude that now is the time to hunker down, cut costs and go into a cautious no risk taking mode while putting duct tape on your wallets and purses. Although I believe caution is prudent and contingency planning may be essential I’d like to stress that you shouldn’t make blind assumptions and react too quickly without doing a complete analysis of your independent customer base and markets. |
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Sales Planning --- A Critical Component of Sales Success
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| A sales plan is a schedule of events and responsibilities that details the actions to be taken in order to accomplish the goals and objectives identified during the contingency - recovery - strategic planning process. The plan ensures everyone knows what needs to get done, coordinates their efforts and keeps close track of progress. Sales plans must define the objectives, time line and resources required to meet the growth objectives of the business unit, department or branch. This level of detail is unnecessary in the overall initial planning process. |
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Planners vs. Actors: How to find a profitable balance between over-thinking and jumping the gun
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| Are you doing without planning or planning without doing? Both quick action and over-planning are problems. In order to have the best-executed strategy that will lead you to your goal, planning and expedient action are both critical. Ask yourself, can I plan more, or should I do more? Somewhere in the middle is probably the right answer. |
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What's Wrong With Your Corporate Planning Process?
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| Does your corporate strategic planning process consistently deliver the outcomes you expect or has strategic planning been devalued (literally or figuratively) within your organization due to its declining efficacy?
Corporate planning in today’s rapidly-changing and uncertain business environment requires a strategic planning process that empowers organizations to achieve operational excellence on a day-to-day basis while also planning for the future. If your corporate planning process has lost its luster, consider what may be wrong. |
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Business Blues - consider your risks
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| Successful businesses depend on proper business planning and proper management. But things do go wrong and such unfortunate events, beyond anybody's control, will cripple a business. There must be contingency plans in place to decrease areas of risk. |
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Master Effective Crisis Management Skills through the Media
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| No company will ever be fully prepared for any crisis to their business. The key is to develop a standard contingency plan to keep the public informed through the media on how they handle the crisis.
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