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Training and the Cost Cutting Dilema during Tough Times
Most company executives decide to spend money on training because it's popular, especially when economic times are good. There is a view that it's “good," and it's also something that responsible leaders are “supposed to do” to prepare for the future. Unfortunately, training becomes the first activity to be cut when times get tough. There is also no objective measure that calculates the business case of return on investment for training. Actually, training, education and coaching should be the absolute last consideration when investigating cost reductions during difficult economic times. However, continued spending of money on training isn’t the only answer. Training alone will not produce the kind of results that training combined with coaching and education can produce.

Positioning Power
In the game of chess, the queen is the most powerful piece in the game. She can move any number of squares horizontally, vertically, or diagonally as long as her path is unobstructed. However, at the beginning of the game, the influence of the queen is restricted because of the configuration of the pieces. Although the same rules govern the play of the queen, because of where she is positioned at the beginning of the game she is unable to move and cannot attack. Her only role is to provide limited defensive to the surrounding pieces....
Who Protects Your Greatest Vulnerability?
Build a foundation to stand upon ... so you have the liberty and security necessary to take risks and chase your dreams.

Distinction between provisions and reserves
The differences between reserves and provisions are outlined in this article.
THE VALUE OF A PERSONAL MISSION STATEMENT
I am sure that all of you who work in a corporate environment are familiar with your corporate mission statement? It is the one that typically hangs in the front reception area or perhaps on the wall in the boardroom. But do you have a personal mission statement and/or understand in a meaningful way what your purpose for living actually is?

Are Multiple Supply Chains Important (Survey Response 5)
A 2006 Report made the following statement: "Designing and operating multiple supply networks to meet the needs of specific market segments--supply chain innovation and the use of multiple supply chains will be important to future revenue and market share growth." Based on your own experience is this an accurate assessment? If yes, why? If no, why?
Five Levels of Decision Making
Clear, helpful advice on how to approach making good decisions as a leader.

Other contingency Related Articles

3 Smart Ways Home Business Owners Handle the Unexpected
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.
Can Your Business Succeed Tomorrow?
Learn how to prepare to handle the loss of a key player in your organization. We all know what positions are critical to the organization and that we need to have a contingency plan or succession plan in place to minimize the impact of the loss.
What exactly is a Business Purchase Letter of Intent or LOI?
What exactly is a Business Purchase Letter of Intent or LOI? This seems like a very scary document but actually it's not. Technically, a business purchase letter of intent is really a non-binding agreement that says "I would like to buy your business for an asking price of $XXXX with contingency stipulations A, B, and C but first I want to take a closer look at your business". Again, it seems complicated but it's really a very simple semi-legal looking document that gets the ball rolling. So let's take a look aT this very important document that protects the buyer while spelling out due diligence items, the initial offer and many of the details that will eventually be part of the final purchase agreement.

Maintaining Company Stability --- Contingency Planning
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.

Stay Calm --- Don’t Panic
Forest Gump once said – “Stuff Happens”. Yes it does -- anytime and anywhere. You can prepare for just about any type of economic disaster by developing a Contingency Plan and being prepared to execute under even the most difficult circumstances. What people usually do not prepare for is how to be effective leaders when a crisis begins.

The Sky Isn’t Falling
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.
Sales Planning --- A Critical Component of Sales Success
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.

Business Blues - consider your risks
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.
Is "leadership" dead?
"Leadership" now seems to be a catch-all term (a bit like "communication"). That being the case, has the time now come when we should be considering whether the term "leadership" has lost its impact and whether we need to radically rethink the whole concept by moving out of all the traditional concepts like "servant leadership", "situational leadership", “contingency leadership”, “leadership habits” etc that are based on attitudes and behaviours?
Master Effective Crisis Management Skills through the Media
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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