Contingency Planning – Swan Island Networks https://www.swanislandnetworks.com/clone_backup Sat, 31 Oct 2020 01:08:53 +0000 en hourly 1 https://wordpress.org/?v=5.8.12 https://www.swanislandnetworks.com/clone_backup/wp-content/uploads/2015/09/cropped-favicon_16-32x32.png Contingency Planning – Swan Island Networks https://www.swanislandnetworks.com/clone_backup 32 32 5 Ways to Improve Your Economic Recovery Results Quickly https://www.swanislandnetworks.com/clone_backup/5-ways-improve-economic-recovery-results?utm_source=rss&utm_medium=rss&utm_campaign=5-ways-improve-economic-recovery-results Fri, 01 May 2020 00:01:24 +0000 http://www.swanislandnetworks.com/clone_backup/?p=6904

5 Ways to Improve Your Economic Recovery Results Quickly

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As the global pandemic caused by COVID-19 (coronavirus) becomes more controllable, we face a unique problem. 

How to start the discretionary economy back up?

Economic recovery is complex

Restarting the economy entails consumer activities like church, sporting events, and trips to the beach. We expect to see all these things this summer and fall.

For industries that rely on social interaction, the business implications are serious. Tourism, retail, and entertainment are a few of the industries most affected by the lockdown. International business travel has all but stopped. Global consulting firms are confronting an industry-wide contraction even while they adapt to meet shifting client needs. That is to say, the number of different factors involved in the economic recovery will be large.

So, here are five ways you can prepare your teams for the economic recovery. Realize there may be external factors that suddenly cause you to retreat (recurrence), rethink (new legal liabilities), or reorganize (someone’s found a better way).

1. Organize a corporate nerve center

Put together the corporate never center described in the recent McKenzie article Decision Making in Uncertain Times. Unify your efforts. Have a 24/7 schedule with rotating resources. Get strategic direction from the C-Suite and set up a recurring briefing with the board of director. Share all relevant issues and information with the cross-company effort.

2. Monitor trusted sources for situational intelligence

A unified monitoring effort will save you time. And it’s more effective than random browsing. So, stay aware of best practices. Know the laws and regulations. Follow changes to industry policies. Track virus recurrences and changes to your supply chain. Follow external sources that impact your organization, like open-source intelligence (OSINT), social media, and government alerts. The rate of change to your business will be very high. And missing key elements may slow your entire recovery effort.

A woman wearing a blue face mask gazes at you unsmiling during the economic recovery.

3. Share and collaborate

Sharing best practices with your peer group will serve you well long after the recovery. Realize that companies like yours are dealing with almost identical issues. Similarly, companies in your geographic region are also dealing with parallel problems. Don’t worry, there are many ways to share without revealing proprietary information. 

4. Everyone, keep watch

Establish a “see something/say something” process. Empower your teams to report issues via phone, text, and email. Whatever it takes. Have a rapid response capability set up to take advantage of the information bullets you receive.

5. Get real-time feedback

Contingency planning will be key to getting knocked down, getting up, and trying another way to get on track. Expect there to be confusion and failures along the way, and instill a sense of urgency to solve the issues. 

Follow these steps and you will be more able to craft an effective response plan and execute it quickly. It’s important to your organization and very important to the world at large.

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How To Prepare For A Strong Recovery From COVID-19 https://www.swanislandnetworks.com/clone_backup/how-to-prepare-recovery-from-covid-19?utm_source=rss&utm_medium=rss&utm_campaign=how-to-prepare-recovery-from-covid-19 Sun, 29 Mar 2020 00:29:39 +0000 http://www.swanislandnetworks.com/clone_backup/?p=7349

How To Prepare For A Strong Recovery From COVID-19

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The world is in free fall and people are confused.

The Covid-19 pandemic has caused many to speculate when the infection will peak. And when the world can begin to recover from this major event.

Early predictions of a pandemic were ignored, but things will recover, and you need to be ready.

How To Prepare For A Strong Recovery From COVID-19

Start preparing now for a strong recovery from COVID-19 while the majority of your critical assets (your people) are at home. Likely you were caught short on the pandemic. Don’t make the same mistake on the recovery. Your business depends on it.

The recovery is going to affect every business differently. A small-town bed and breakfast will re-enter the commercial economy much differently than a multi-national financial institution. But, many of the underlying thought processes are the same.

Here’s how to prepare for a strong recovery from COVID-19.

Intelligence Filtering

The news has great insights. But, you need to filter the information. Find the areas that are relevant to your specific issues and problems. Then, analyze them. After that, share selectively and on a targeted basis across your organization.

Situational Awareness

You need to maintain full situational awareness. It’s likely to be a rapidly-changing landscape. For example, you may plan to reopen a factory in Washington State as cases ebb only to have a flareup in a nearby town.

Information Sharing

You can’t do it all alone, and you shouldn’t want to. You need to work with customers and suppliers in a tightly coordinated fashion. But, regional organizations, critical infrastructure providers, and government agencies are also critical.

business team plans economic Recovery From COVID-19

Systematic Response

Take a disciplined approach toward preparedness. You likely have the time now to do a great planning job. Get the tools and processes you need set up and integrated into your organization while its still raining outside.

Preparedness always takes a back seat to other activities except in the most thoughtful of organizations. While there is little to no activity, it’s a great time to get organized for the recovery cycle. I hope these fundamentals help you prepare for a strong recovery from COVID-19 and also lay the groundwork for responding to your next emergency situation. (You know its coming!)

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