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Execution-MiH ENCYCLOPEDIA →
Execution Making-it-Happen →
SECTION - 'Executable' Strategy →
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CHAPTER -
| Execution Blue-print for Uncertain and Unknown |
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This chapter focuses on a rather unique piece of Execution-Blueprint which is generally missed by most of the organizations. In simple terms, this section identifies Plan B/Plan C and when to invoke the same. It works on how to have the sensory systems to track the business assumptions, and how to respond if the business assumptions do not bear out. It talks about how the business would be able to have the resilience to be able to respond to the expected and unexpected.
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Topics
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'Protecting Cash' Sub-Section
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Any organization which needs to have resilience and ability to grow, has to lay down clear imperatives on how to protect cash. It needs to have policies, which bar investments without a hard-nosed assessment. It needs to establish processes, which are ultra-fast on accounts receivable management, it should ensure sales practices, which do not build insurmountable receivables to show a short-term top line upside.
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'Link-of-Link' Sub-Section
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Two level anticipation and investigation is a key method to anticipate the future of your customers-vendors-financiers who make your business successful. An execution blueprint will be having a defined process in terms of which external entities need to be assessed at what frequency.
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'Change-Readiness' Sub-Section
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In today's dynamic and uncertain environment, an organization can have agility, if it has inherent/structural flexibility and resilience. An organization cannot be agile just by hiring agile leadership. It has to have cellular level processes and capabilities to do so. An execution blueprint will detail out how organization will create flexible contracts, how it will optimize/minimize it break-even, how it will be having a phased expense approach, how it will be testing itself against drastic scenarios, etc....
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'Execution Continuity Structure' Sub-Section
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Just like a BCP (which is focused on continuity of operation in a disaster), an organization needs to have a Results Continuity Plan (RCP). A Results Continuity Plan will detail out the ability of an organization to team-up and respond effectively to any contingencies or threats to its results. This includes a RCP team, RCP documentation, RCP invoking scenarios, RCP closure scenarios etc...
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All Chapters in "'Executable' Strategy." Section
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