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Preparing for Change - A Planning Strategy for Your Business

Understand the issues and challenges ahead and prepare a framework for developing plans for change.

When an organization's leadership is faced with the need to create change preparedness strategies and plans for finding a way forward in 2021 due to the impact of COVID-19, they want to do so in a way that ensures the viability and sustainability of the organization going forward. From lockdowns to transitioning to a remote workforce, 2020 presented challenges well beyond the control of individual enterprises. This topic helps those leading or caught up in the planning for a recovery or their survival in 2021. This material will help participants to identify the issues and challenges ahead and provide a framework / simple process for developing their plans. If you find the planning process for 2021 daunting or intimidating then the take-a-ways from this topic can help ease the effort going forward.

55 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How to Prepare for Potential Changes

  • Adapting to a Material Reduction or Loss of Your Supply Chain.
  • Adapt to a Breakdown in Your Distribution Channels.
  • Surviving in the Face of a Prolonged Lockdown.
  • Planning via Multiple Scenarios

How to Adapt to Potential Changes

  • Identifying Change Points in Advance
  • Executing Around Common Denominators

Financial and Organizational Considerations

  • Cash Flow / Cut Backs
  • Workforce Impact (Growth - Reductions)
  • Scalability
  • Fixed vs Variable Costs
  • Monetization Opportunities
  • Market Caps - Debt Restrictions / Covenants
  • Top Line / Margins / Bottom Line
  • Systems and Infrastructure

Creating and Implementing a Strategy Driven Plan

  • Understanding the Process
  • Using a the Change Analysis Worksheet
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on February 17, 2021.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michael R. Wood

Michael R. Wood

Michael R. Wood Advisory Services

  • Currently provides consulting and thought leadership to organizations in the area of strategic planning, business process improvement, change management, and stakeholder value improvement
  • Practice emphasizes all aspects of how to improve the way value is delivered to stakeholders
  • Conducts regular seminars and workshops in business process improvement, project management mastery and organizational change management for organizations like Penton Learning Systems and the California Society of CPAs
  • Creator of the Helix Method Author of the Helix Method series of Business Process Improvement Books
  • National subject matter expert on process improvement for www.projectmanagement.com, the world’s largest project management content portal on the web
  • In the early 2000’s served as the president of The Natural Intelligence Group, an organizational value improvement consultancy; in the late 1990s he served as the EVP of outcome management for the Corporation for Standards and Outcomes, an internet application service provider to the human services industry; and throughout 1990s served as CIO/VP of IT for Showboat Inc. a casino gaming & hospitality company
  • Served as an adjunct professor in Pepperdine University’s M.B.A. program and an associate professor at California Lutheran University
  • Considered an expert in business process improvement and project management throughout the world
  • Can be contacted at [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 408010
Published 2021
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