Markets are disrupted at a quicker pace than ever before. Welcome to the 2020s. Tesla is valued at more than Ford and GM combined. The combustion engine and its complementary industries have reached their peak and have nowhere to go but down. Jobs in heavy production are being eliminated by automation. The Coronavirus races across the globe.
Our most recent column (October 2017, pp. 16-17) covered part one (of three) in developing an actionable safety plan. First we described some key First Actions in implementation. Below we describe the three action areas. Part three will detail Sustaining Actions.
Strategy is a high level plan to achieve one or more goals. Strategy is important because the resources available to achieve these goals are usually limited. Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.
