Too late to prevent? Then plan to navigate through it!
Fri, Apr 17, 2020 12:00 PM – 1:00 PM EDT by David Auda, CRE, CMQ/OE
In some cases, such as this global pandemic, business plans or even personal plans could not take steps to prevent it. At the government level this is cast as a “problem” and the root cause would be initiated. At the business and personal level assigning a root cause is not necessary. Now it’s a matter of getting through it. The situation requires context and part of that context is an estimate of the duration.
Establishing that the duration is long, then figuring out how to minimize losses and sustain the business so that when recovery is achievable that there is something left to recover. The same structure that is used to build a strategic plan can be applied here.
Reaction without a plan has comes with the inherent risk that the reaction could just make things worse. Inaction with the hope that things will just ‘work out’ does not have an intuitive appeal in this situation, and there is the possibility that you are included in someone else strategic plan.
This webinar will review steps that can be taken to establish a plan for navigating through such a protracted event.
Benjamin Franklin has been credited with the admonitory aphorism “Failing to plan is planning to fail”.