[Column] Development of the Mid-term Plan (2) Planning for Failure Prevention Measures

I would like to introduce a column article.

Management has its good times and bad times. When executing a mid-term plan, one should also anticipate situations where things do not go well. Often, if one waits until a bad situation arises to consider stepping back, they miss the timing. First, I would like you to establish criteria for "under what circumstances to withdraw, to stop, or to scale back." Humans have a peculiar tendency to wishfully think that if only this or that could go well, or if only we could develop that customer, things would change. However, while clinging to that desire, management can lose its balance. It is important to set criteria for stopping execution from the outset. - Initial signs of failure - Methods to mitigate failure - Ways to withdraw from failure Additionally, from a different perspective, it is necessary to consider the "side effects that may arise and the potential losses" when deploying that strategy. Humans are creatures of habit. When trying to do something new, there is often a lot of "no" thinking. The key is how to dispel that. In this case, it is important to examine the inhibiting factors and consider means of overcoming them.

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