Who will rebound with some great opportunity? Some always do. Why not you?
March 18, 2020 – Atlanta, Georgia and Global – Almost everyone is scrambling. Yet some planned for an ability to be disrupted by an unknown source.
On that note, ask yourself, "Why bother to discover your blind spots?" Simply enough, consider the next step after finding your million dollar blind spots is to move to increase opportunities and revenues, and decrease risks or costs.
Consider these 3 observations executive teams apply after discovering their blind spots, and how you can also apply them to your organization:
1. Major blind spots can both have good upsides and bad downsides
2. Some major blind spots are clearly unexpected and defensible.
3. Some are easy to see using hindsight, as the world is now prone to do.
Unfortunately, too many organizations seem surprised that they could be surprised.
Before you decide how to classify efforts to evaluate your organization's abilities on this point, apply the following 3 questions to your ERM, contingency planning or strategic update processes:
1. When does the claim about blind spots become more of an excuse than a defensible statement?
2. What is the monetary risk threshold that must be crossed before anyone should care?
3. What is the impact, cost, and loss of recognition you will suffer from being in denial about your blind spots?
And of course, be truthful with yourself in answering these 3 questions to gain the greatest insight! Or maybe you should still create some flexibility on savings to reallocate resources.
READY TO TALK: I'd love the opportunity to connect and help you today! Email me at gary@FiscalDoctor.com or call 678-319-4739 for a confidential free 15-minute discussion of your particular situation or http://www.fiscaldoctor.com/contact-us/ .
About FiscalDoctor® Inc: Gary W. Patterson, president & CEO of FiscalDoctor®, works with leaders who want to uncover their blind spot before it finds them, so they can make better decisions. He can also help increase your profitability, providing access to 100 best-of-the-best experts who are often better and cheaper than incumbents. Gary can be reached at 678-319-4739 or gary@FiscalDoctor.com
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