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It’s Time for CFOs to Rethink Scenario Planning

Harvard Business Review

Theyre increasingly using scenario planning as a key tool to manage risk and strategically unlock new value-creation opportunities. As companies navigate todays complex business and geopolitical landscape, CFOs have seen risk management rise to the top of their priorities.

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The G-20 is 2011's Biggest Political Risk

Harvard Business Review

We're in the midst of an international currency war," Guido Mantega , Brazil's Finance Minister, said last September. For example, when it comes to preparation for a possible showdown involving North Korea, there has been no discussion or scenario planning between American and Chinese top brass — not a recipe for good crisis management.

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The Olympics as a Story of Risk Management

Harvard Business Review

Ensuring readiness for Games-time (in Olympic-speak) now involves strategic pre-emption through stress-testing and scenario planning. Risk mitigation is now integrated into decision-making and operations, and no longer treated as just an input into the calculation of insurance premiums.

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Navigating the Complexities of Doing Business in Russia

Harvard Business Review

These can be laid out in scenario plans with specific mitigation actions assigned to help businesses react quickly if necessary. To preempt any operational disruptions, some clients have chosen to provide the financing to distributors themselves, so they are still able to purchase and then sell products from our clients.

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Mindfulness Can Improve Strategy, Too

Harvard Business Review

But it’s also possible to build mindfulness directly into planning exercises. One of us recently had the opportunity to test the concept of mindful strategy with a group of middle managers and senior executives from the legal, advertising, finance, and non-profit sectors in the Bay Area.

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ExxonMobil’s Shareholder Vote Is a Tipping Point for Climate Issues

Harvard Business Review

Capital expenditures, future acquisitions, research and development expenses, future financing needs, and payout policies, such as dividends and share repurchases, need to be assessed in part based on how they fit into a low-carbon world. Boards are not the only ones under pressure.

Tips 9
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4 Strategies for Women Navigating Office Politics

Harvard Business Review

Gail was in her fifth year at a large finance firm when she recognized a disconcerting pattern. An intrepid energy industry executive we know takes a novel, planning-based approach to managing politics, and we’ve taught the same method to many female executives over the years. Get yourself an agent.