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Strategic Planning: Learn Why it isn't About Control, but Guidance

In a complex global marketplace with a myriad of risks and threats, having a strategic plan is vital. Plans work not only as risk mitigation strategies, but as roadmaps when confronting issues in a complex environment. Everything cannot be planned for, but a good plan can be used in almost any situation. When creating a plan for your organization, it's important to think of it as a concept and not as a steadfast rulebook. Knowing how you and your associates should respond to crisis is just as important as to what the response will be. The ability to have a plan that allows you the flexibility and ability to stray from it when needed, is what is really important.

Risk Mitigation Strategies | Strategic Planning isn’t About Control

A strategic plan opens up your mind to both possibilities and probabilities. It informs your organization in the moment and allows for amendments in the future. In the words of George S. Patton: "A good plan today is better than a perfect plan tomorrow." We strive for guidance in an organizational plan, and by having such guidance in place, we can worry more about identifying threats than figuring out action. 

In an ideal situation, with proper management and cooperation, an organization's strategic plan for risk mitigation should have three key facets:

  • Fluidity
  • Wide-ranging input
  • Broad definition

 

By creating a plan that is fluid, you are allowing your organization the wiggle room necessary to confront real-time issues. No matter what the size of your team is, the breadth of possible concerns is always wide. And with that in mind, using the talent of your entire organization when creating a plan is always encouraged. A useful idea may come from a surprising place, and the more voices at the table, the less chance for overlooking the obvious.

Finally, while fluidity is important, definition is equally so. Although some managers fear a plan for the very aspect of control it looks to assert, it's important to remember that as with a good roadmap, the highways and landmarks need to be boldly noted. Everyone needs to be on the same page in regards to the strategic plan, just as they are in their sense of flexibility within context of this living document.

NC4 Risk Center™ is an excellent cornerstone for a plan that addresses ongoing risk assessment, and in evaluating the usefulness of future decisions. NC4 Risk Center should be a part of any organization's risk management plan, and a necessary part in all risk mitigation strategies.  


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