Every tragedy brings it sorrow for the family and friends of all involved and brings a sense of insecurity in the system. We all share this commiseration.
There are some management lessons we can share from the search so far.
Be always prepared with a solid plan B as things do go wrong at times when we least expect them and all focus will be on us and the pressure would be big.
2-Deal on facts
Use facts to determine your decisions. Hunches lead to luck and scientifically luck is a question of probability.
What is we have a break-in, a key executive departing working for a rival, industrial explosions, earthquakes, internet breakdowns, electricity shut downs and the like. A resilient disaster recover system should prepare us mentally for the unexpected expected.
4-Learn, learn and keep on learning
Make sure you learn from any event that happens to you and others. It is a process of perfection
5-Be wise - spread your risk
Putting all in one bag is dangerous. So top executives should travel separately, have separate office buildings and so goes for key plant and equipment. Obviously you have to balance this with cost benefits.
― David Hume
Managing Director and Chief Programmes Officer based in Malta and an avid entrepreneur who likes sharing his expertise in various fields with people from all walks of life.
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