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The Little Book of Big Management Wisdom
book

The Little Book of Big Management Wisdom

by Dr. James McGrath
August 2017
Intermediate to advanced
256 pages
4h 30m
English
Pearson Business
Content preview from The Little Book of Big Management Wisdom

QUOTATION 67

JAMES YORKE ON THE NEED FOR A PLAN B

Use this to remind you that you always need a back-up plan, or two!

James Yorke (b. 1941) was a Professor of Mathematics at the University of Maryland until he retired in 2013. He was awarded the Guggenheim Fellowship for Natural Sciences, US & Canada, in 1980 for his work on chaos theory.

Chaos theory shows how apparently minor events can develop into significant crises. That is why Yorke suggested that:

The most successful people are those with a plan B.

James Yorke

Scenario analysis can improve the planning process by identifying the effect that key variables may have on the organisation in the short and medium term and developing a series of strategies to deal with them should they ...

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Publisher Resources

ISBN: 9781292148458