What does “P-Prepare” in the acronym ADAPT mean and what does it stand for?
P-Prepare for possible outcomes, or if you prefer “Pivot”.
With a rapidly changing world like we have with the COVID-19 pandemic, your possible outcomes do not fall into an old-fashioned probability curve of worst case, best case and probable case. Those gentle curves we learned about in business school have been replaced with graphs with sharp cliffs and steep slopes. We have all seen the graphic of a tall curve with lots of fatalities and a shallow curve with fewer but still a lot of fatalities. What these are showing us is that the shallow curve we used to learn about can become a sharp scary curve very quickly if we lose control.
That is what ‘prepare for possible outcomes’ is about. If we lose control of our business, what does it look like? Then from that we come up with mitigation strategies to smooth the curve. Much the same as we are all doing right now to flatten the curve. We need to “Pivot” and do things differently. Many Canadian firms chose to “Pivot” and started to manufacture Personal Protective Equipment for example. Helping both themselves and the Health Care System.
The social distancing we are all doing now is flattening the curve. Which makes the possible outcomes more survivable for everyone.
In your business, a “Pivot” might not be as dramatic as changing from manufacturing one thing to manufacturing another completely different thing. It might be as subtle as changing your billing model or your service model. One “Pivot” almost all of us have done is change to more remote work styles. The “prepare” element of that is what drives the “Pivot”. We need to be making a change that makes sense and we need it to be driven by evidence that will help us ensure success when we make that change.
We are step three in this acronym. A for Access Advisors. Reach out to us below and learn to make changes and to read the signs of change so that they help you instead of stopping you.