The Tatum firm held a webinar, "Planning to be Nimble in 2011" with some interesting take-aways. Here are my favs:
- Businesses should use more "check points," examining them frequently. With greater uncertainty about the economy, recognizing deviations from plan early is vital.
- Supply chain risk is increased by the economic uncertainty, a point I've hammered away at for a year, as in my post "Economy in Recovery: Will Vendor Performance Limit Your Rebound?" and "Vendor Performance in the Economic Recovery: 5 Lessons."
- Flexible staffing is important at all levels, not just at lower level positions. However, your top performers need to be well taken care of. Their alternatives will improve, and you can't let them get away from you.
I think the topic of planning to be nimble is vital given the increasing cyclicality of the economy. I think the webinar is worth listening to. Here is more information about Tatum.
Hi,
I think the speed of change in the business world is not being reflected in the boardroom decisions taking place, especially around the long term strategy. Depending on the sector, the definition of long term is shrinking by the year.
It really needs a re-think to the way things are planned and executed.
Posted by: Epsilica | November 05, 2010 at 03:59 PM