Nicky Little from Cirrus comments in The Times.
The ability of companies to think disruptively and ruthlessly prioritise may just see them through the current coronavirus crisis. But when you can’t predict the unpredictable, it raises the question: is contingency planning worthwhile?
Over the past few months, businesses have had to contend with a rapidly changing environment in which the goal posts have shifted hourly. Contingency planning done at the beginning of a week has had to be revised only days later.
It has been the ultimate test of business resilience and leadership: thinking the unthinkable, adapting to a global shutdown and managing employees remotely, while supply chains and cash flow have collapsed. So has contingency planning been the saviour of business or just a waste of time?
Think disruptively and prioritise ruthlessly
One of the most striking aspects has been how quickly some companies have been able to adapt, thanks to brave and disruptive thinking by leaders.
“Respirators are rolling off the production lines of car manufacturers and food wholesalers without restaurants to supply are delivering straight to consumers,” says Nicky Little, director at leadership specialist Cirrus.
The challenges of COVID-19 have shown that far from being a waste of time, contingency planning has been the saviour of many businesses. But it is only effective if it is flexible and innovative.
© The Times Raconteur 2020