For individuals a crisis could be a health issue, the loss of a loved one, the loss of a job, a disabling accident, or numerous other incidents. But for a company, are strategic plans in place that if this then that? BP had strategic plans, but they obviously were not based upon accurate assumptions and the trial-and-error method to find a remedy is hardly reassuring that their “plans” involved a significant number of possible occurrences and contingencies. Perhaps a root cause is a considerable lack of critical thinking. Why am I going down this path? I think every business entity should have critical plans in place. What happens if your headquarters is destroyed by a fire, flood, tornado, or hurricane? Easy, you have redundant storage of all records and files offsite and you’re insured. What happens if the founder, CEO, or other key individuals are lost to an accident (Poland)? Again, easy if succession planning is in place.
Today, I read an article about sun storms returning and causing major damage. The Space Weather Prediction Center http://www.swpc.noaa.gov/ says that we could face a very problematic two years. The economic damage could be “20 times larger than Hurricane Katrina” and cost trillions of dollars! Satellite communications, GPS navigation would be severely disruptive to the thousands of commercial flight daily. Utilities would be forced into rolling brownouts to save transformers for years. There is even a risk of the http://cialis-versus-viagra.com/ collapse of electrical grids in the United States that could affect 130 million people. The center says it is not a question of if, but when.
Critical thinking and personal accountability will need to be a component of all management training courses of all organizations going forward. Our Communicating to Manage Performance course stresses communication skills training and corrective feedback.