From Informed Decisions: Conversations and Q&A with Randall Craig and Ronja Francoeur

From Informed Decisions: Conversations and Q&A
with Randall Craig and
Ronja Francoeur

Tariffs & Your Business: How should we react?

Hiring a Business Growth Speaker:
10 Good Questions to Ask

About this episode: 

The topic of this session is the latest wave of disruption: The tariffs coming from our Southern neighbor. Business leaders are asking numerous questions. So while today’s conversation will point to these tariffs in particular, this is really a bigger conversation on how we, as business leaders, ought to approach disruption and how to survive (and ideally thrive) under changing circumstances.

Let's talk about strategic shifts, or is tactical adjustments?

• How will the tariffs impact my business? Revenue? Supply chain?

• What can we do now, and how should we plan for the medium term?

•  Is this the new NEW normal? How should we react?

Part 1

Part 2

Topics Discussed (with timestamps)

•   Opening remarks from Randall about risks and opportunities the tariffs are posing to entrepreneurial leaders and their organizations (01:05)

•   Are the typical recession-proofing measures sufficient for this wave of disruption (discussed in our Recession-Proof Your Organization Q&A session), or does this require a different way of thinking? (05:30)

•   Single sourcing vs diversifying suppliers: Short-term vs mid-term goals and strategies (09:10)

•   “Canada-first” “USA Proud” “Made in Australia”: Is this nationalistic marketing the response we should all be leaning into? (13:25)

•   Where to change and where to stay the course: When to eat costs and when to pass it on to the clients/customers/members? (17:58)

•   Forecasting, scenario planning, and budgets (22:49)

•   The challenges of changing goalposts: How can we execute on marketing plans when things keep changing? (26:15)

•   The global impact of the tariffs (it’s not just Canada and the USA that is impacted) (00:15)

•   Addressing change in a townhall meeting: What goes in the agenda? (02:34)

•   Seeing investment: What advice do you have for investment seekers now? (05:40)

•   What other opportunities should entrepreneurial leaders consider? With this shake up from the tariffs, this may be the opportunity to pivot in ways you didn’t feel strongly enough about before. (09:09)

•   If you were to recreate your business now: What would you do differently?(15:31)

•   High-trust organization vs lower-trust organizations: How will employees view organizational changes? (17:25)

•   Setting up a subsidiary in another country (21:07)

•   Is “elbows up” or other rally cry the right messaging from leaders… or should leaders be speaking with staff about avoiding social media posts that are inflammatory and alienating from our international business partners, suppliers, and clients? (24:02)

•   “This too shall pass”: Good or bad advice? (27:07)

Tariffs & Your Business: How should we react?

Tariffs & Your Business:
How should we react?

About this episode: 

Strategic shifts, or is tactical adjustments?

• How will the tariffs impact my business? Revenue? Supply chain?

• What can we do now, and how should we plan for the medium term?

•  Is this the new NEW normal? How should we react?

Part 1

Topics Discussed (with timestamps)

•   Opening remarks from Randall about risks and opportunities the tariffs are posing to entrepreneurial leaders and their organizations (01:05)

•   Are the typical recession-proofing measures sufficient for this wave of disruption (discussed in our Recession-Proof Your Organization Q&A session), or does this require a different way of thinking? (05:30)

•   Single sourcing vs diversifying suppliers: Short-term vs mid-term goals and strategies (09:10)

•   “Canada-first” “USA Proud” “Made in Australia”: Is this nationalistic marketing the response we should all be leaning into? (13:25)

•   Where to change and where to stay the course: When to eat costs and when to pass it on to the clients/customers/members? (17:58)

•   Forecasting, scenario planning, and budgets (22:49)

•   The challenges of changing goalposts: How can we execute on marketing plans when things keep changing? (26:15)

Part 2

Topics Discussed (with timestamps)

•   The global impact of the tariffs (it’s not just Canada and the USA that is impacted) (00:15)

•   Addressing change in a townhall meeting: What goes in the agenda? (02:34)

•   Seeing investment: What advice do you have for investment seekers now? (05:40)

•   What other opportunities should entrepreneurial leaders consider? With this shake up from the tariffs, this may be the opportunity to pivot in ways you didn’t feel strongly enough about before. (09:09)

•   If you were to recreate your business now: What would you do differently?(15:31)

•   High-trust organization vs lower-trust organizations: How will employees view organizational changes? (17:25)

•   Setting up a subsidiary in another country (21:07)

•   Is “elbows up” or other rally cry the right messaging from leaders… or should leaders be speaking with staff about avoiding social media posts that are inflammatory and alienating from our international business partners, suppliers, and clients? (24:02)

•   “This too shall pass”: Good or bad advice? (27:07)

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