Planning and Preparing for Unknowns

Rigorous scenario planning with your team is what’s required right now to ensure everyone is agile and aligned in their decision making.

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When faced with many unknowns it is important to plan and prepare for multiple scenarios, while holding off on being decisive until the last responsible moment.

COVID-19: Planning and Preparing for Unknowns. Dwight D. Eisenhower speaking to his troops, preparing for battle.

“Deciding with Speed and Conviction” is one of the four specific behaviors demonstrated by high-performing CEOs, based on studies of over 17,000 assessments of C-Level executives    

“Good CEOs realize that a wrong decision may be better than no decision at all.” - HBR What Sets Successful CEOs Apart 

The second specific behavior is “Engaging for Impact.”

There will be many challenges and opportunities facing contractors in the next few weeks, months, and years. Ensure that your team thrives in this environment.  


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Prepare Your Business - People
Your people are your business. This is especially true for contractors where nearly 100% of competitive differentiators are the experience of your people. Now we are faced with lots of unknowns and yet we must act decisively.
Planning and Preparing for Unknowns
When faced with many unknowns, it is important to plan and prepare for multiple scenarios, while holding off on being decisive until the last responsible moment.
Prepare Your Business - Capital
In times of uncertainty, the best strategy is to do everything possible to preserve your capital and ensure credit will be available as needed.