In today’s rapidly evolving business environment, the ability of businesses and their leaders to respond appropriately and effectively to changing circumstances often is key to success.
The ability to respond quickly and appropriately to opportunities and emerging crisis makes a huge difference. Being ready to assess and respond quickly and appropriately on a consistent and reliable basis begins with planning in advance. Businesses and their leaders can improve their ability to jump on opportunities or redress emerging disasters by planning ahead. Start by: (1) knowing your business; (2) prioritize key operations and goals and the elements required to maintain them; (3) anticipate the types of opportunities and crises that you are likely to face and prepare responses or response strategies in advance; (5) develop decisional and response grids and tools based on this analysis; (6) use kaizen and other decision-making strategies and tools to leverage these tools and responses; and (7) engage in constant evaluation and reevaluation to support change readiness and evaluate new opportunities for success.
If your business needs help planning for or managing business change or the legal or operational risks associated with these activities or business management, human resources, corporate ethics, and compliance practices, or other related challenges or opportunities, please contact the author of this article, attorney Cynthia Marcotte Stamer.
Ms. Stamer is experienced with assisting businesses and other organizations, their leaders, bankruptcy creditors and trustees, investors, purchasers and others about performance, change and risk management and other related concerns involved with distressed businesses or benefit plans, bankruptcy and restructuring transactions and other corporate or business management related events. Board Certified in Labor and Employment Law by the Texas Board of Legal Specialization and Chair of the American Bar Association RPTE Employee Benefits & Other Compensation Group and a Joint Committee on Employee Benefit Council Member, Ms. Stamer has advised and represented these and other business clients on employee benefit, labor and employment, compensation, employee benefit and other personnel and staffing matters for more than 24 years. Her experience includes significant experience representing and advising clients about the planning, implementation, risk management and defense of reductions in force and other labor and employment, employee benefits, compensation, insurance, compliance and other concerns affecting transactions involving bankrupt or distressed corporations. Ms. Stamer also speaks and writes extensively on these and other related matters. Among her many publications are her recent November, 2009 publication, Calculation of Minimum Contributions Required For Single Employer Pension Plans: The Final Rules for The Measurement of Assets and Liabilities For Pension Funding Purposes under Final Treasury Regulation Section 1.430(d)” and A Proactive Approach To Hr And Benefits Planning For Mergers, Acquisitions, Downsizing, Reengineering And Other Organizational Changes.” Persons interested in a copy of either of these publications may contact Ms. Stamer. For more information about Ms. Stamer and her experience see CynthiaStamer.com.
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