Adaptive Planning: A MUST For 2022

by | Nov 6, 2021 | 0 comments

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Uncertainty about every facet of business will continue.                                                            Markets will be disruptive                                                                                                           Supply chains stretched                                                                                                                Customer service and experience demanding                                                                            Competition unrelenting, and                                                                                                        The cost of everything rising

Long-term planning is a waste of time. 2022 will be all about facing near-term realities. The key will be flexibility! Additionally, you will have to incorporate cultural and social changes into your planning as you would inflation, market competition, sales forecasts, etc.

Adaptive Planning

Adaptive Planning requires much more collaboration between you and the customer. You’ll need to hone adaptive skills and be able to switch your ‘routine’ way of operating/managing your business on the fly. This is a significant departure from traditional planning. Shedding old ways and habits isn’t easy but is a MUST of 2022 and beyond.

Instead of thinking in terms of projects, you must think in terms of ‘risk of actions‘. Or, what do you gain on the risk? Have your management team meet regularly to discuss their risks, learnings, failures, and successes.

If the past two years taught us anything it is that we have to respond and adapt quickly to forces out of our control. Flexibility is the key and a mindset ready to react to market and mandated changes are requisite. Businesses, by their nature, foster risk-averse cultures bases upon near-perfect execution of process…this no longer works.

Adaptive Planning must be embraced and used for 2022.

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Categories: Planning

By Jim Lavorato

Jim Lavorato is the founder of 4M Performance which is designed to assist businesses to survive and thrive in these uncertain times. Jim launched an entertainment-related company in 1988. He was at the forefront in cinema technology and helped spearhead the movie industry's transition to digital presentation and distribution. He also co-founded the Arboreal Group, an environmental consultancy. He has published articles on the motion picture and media industries and is a contributing editor for ScreenTrade magazine and writes a blog "Cinema Mucho Gusto". He is a certified SCORE Mentor in the SCORE Greater Phoenix Chapter and lives in Scottsdale, AZ. Learn more about Jim in his "About" page.

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