I think both Tom and David are correct. I also feel this will be the next big blow in the main stream as we move out of this economic downfall whereas many companies are hiring not based on experience levels but rather recreating the wheel so to speak as they hire for the low end dollar effect thinking they want everything but not willing to pay the piper. So they hire someone in that may have book knowledge but actual physical experience is costly so they choose the lesser of two evils only in belief that they will make it through the “Perfect Storm.”
In a collaborative agreement I feel Tom makes good points on catching the problems before the infection takes hold., whereas David indicates whether before, during or after it can still be corrected. First off I feel you have know there’s a hole in the ship in order to patch it or you’ll slowly sink despite what your plans maybe. Knowing ahead of time to bring supplies on board for the “what if” scenario will definitely give you the band-aid effect should something happen, you’ll be prepared.
The significance of having the right tools in place will definitely by you time, but once you’re there you definitely have to have a buy-in by all parties, from the ground floor upwards, or you’re spinning your wheels. Financial planning through five key elements, process, organization, knowledge management, technology, and performance management can give leaders the necessary tools to react promptly and come out even stronger.
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