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.
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Why Lorman?
Over 37 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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Why Lorman?
Over 37 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
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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Why Lorman?
Over 37 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 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 37 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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