Lead from Within

JULY 25, 2024

For instance, I worked with a CEO who regularly conducted scenario planning exercises with his team, helping them navigate a major industry shift with minimal disruption. Mitigating Risks: Understanding future trends and potential disruptions leads to better risk management.

Long-term 188

Long-term Scenario Planning Trends Execution 188

Lead from Within

OCTOBER 1, 2024

Succession Planning and Scenario Planning AI can help organizations model various succession planning and talent management scenarios, stress-testing leadership bench strength and identifying potential gaps.

Leadership Development 109

Leadership Development Development Leadership Scenario Planning 109

Lead from Within

SEPTEMBER 12, 2024

Regularly engage in scenario planning and seek out opportunities to tackle strategic challenges. The ability to think strategically is a hallmark of effective leadership. Hone your capacity to analyze complex situations, anticipate future trends, and make well-informed, big-picture decisions. Enhance Your Communication Skills.

Emotional Intelligence 176

Emotional Intelligence Leadership How To Scenario Planning 176

N2Growth Blog

SEPTEMBER 29, 2016

In their annual survey on the management and planning tools used by thousands of companies around the world, Bain and Company show a consistent and deserved popularity of scenario planning. Those who know scenario planning know that its value isn’t in “predicting the future.” Some companies do.

Scenario Planning 150

Scenario Planning Strategic Planning Planning Budgeting 150

Harvard Business Review

OCTOBER 30, 2023

Setbacks are common on projects — but project managers hold four key tools to understand why they happen and how to help their teams move past them. And fourth, scenario plan so that you have clear options for moving forward. First, understand the neuroscience behind setbacks to encourage people to learn and grow.

Project 28

Project Scenario Planning Management Tools 28

Lead from Within

OCTOBER 14, 2024

By forecasting potential outcomes and scenarios, you can proactively adapt your strategies and make decisions that position your organization for success. Scenario Planning : AI can simulate multiple scenarios and assess the potential impact of different decisions.

Scenario Planning 104

Scenario Planning Trends Leadership Styles Efficiency 104

HR Digest

OCTOBER 7, 2020

A structured strategy for managing workforce can bring consistency into overall operations during today’s challenging times by putting people first. At the heart of any organization’s talent management strategy is headcount planning to ensure that it has the right number of talent with the right skills.

Management 98

Management Supply Chain Crisis Scenario Planning 98

Harvard Business Review

JULY 28, 2020

A conversation with consultant Peter Scoblic on scenario planning lessons from the U.S. Coast Guard.

Scenario Planning 11

Scenario Planning Planning Strategy Consultative 11

In the CEO Afterlife

SEPTEMBER 12, 2011

Crisis Management: The Ultimate Test of a Leader. How is it possible for three months of crisis management ineptitude to occur in an organization the size of BP with a product as environmentally toxic as oil? You’d think a company drilling on the ocean’s floor would be adept in risk management planning. Main menu Home.

Crisis Management 268

Crisis Management Crisis CEO Management 268

N2Growth Blog

DECEMBER 16, 2023

The concept delves more deeply than mere regulatory compliance, stretching towards a proactive approach that involves risk anticipation, scenario planning, and sound decision-making processes. The company prioritizes performance optimization through streamlined supply chains, cost management, and a strong focus on sustainability.

Compliance 243

Compliance Ethics Efficiency Metrics 243

Lead Change Blog

APRIL 4, 2016

Scenario planning, a strategy first employed by Royal Dutch Shell, brings experts from a wide range of fields together to discuss actions if different scenarios take place. Scenario planning allows you to think out—in advance—various options.

Scenario Planning 150

Scenario Planning Airlines Leadership Fashion 150

Harvard Business Review

AUGUST 16, 2024

Just as archers break the skill of using a bow and arrow to hit a target from distance into component parts, such as stance or aim, executives can break the task of “becoming a better leader” into specific, actionable, and manageable steps.

Training 25

Training Scenario Planning Stress Energy 25

Harvard Business Review

APRIL 15, 2024

From the takeoff and landing of a space shuttle to managing uncontrollable bleeding in the operating room, there are vital lessons to be learned from these industries and adapted into others. Start by proactively envisioning worst-case scenarios through brainstorming sessions, scenario planning, and risk assessments.

Health Care 23

Health Care Uncertainty Scenario Planning Brainstorming 23

Harvard Business Review

AUGUST 23, 2013

It''s the rare CIO who applies scenario planning to the business of IT. Yet, in a function driven by innovation and the uncertainties surrounding the application and implication of future technologies, not using scenarios is tantamount to management malpractice. IT management' IT Doesn''t Matter (to CEOs).

Scenario Planning 8

Scenario Planning CIO Planning Uncertainty 8

Harvard Business Review

MAY 2, 2018

It first influenced business decades ago, through the development of an unmistakably hard skill that senior managers must master: strategic planning. Leaders today would be wise to learn from the past and to view strategic planning and mindfulness together. Planning well, in his estimation, required “training the mind.”

Scenario Planning 13

Scenario Planning Strategic Planning Kleiner Management 13

Center for Creative Leadership

JUNE 22, 2020

To think strategically is the ability to prioritize and manage paradox given the complex relationship between the organization and its market ecosystem.? Rather than waiting to be caught by surprise, they revel in scenario planning, learning about future trends, and imagining how they can influence the world to their advantage.

Leadership 106

Leadership How To Long-term Short-term 106

Harvard Business Review

JUNE 15, 2018

To make the best decisions, managers need access to real-time data about their supply chain, but the limitations of legacy technologies can thwart the goal of end-to-end transparency. New digital technologies that have the potential to take over supply chain management entirely are disrupting traditional ways of working.

Supply Chain 8

Supply Chain Management Retail Technology 8

CO2

JANUARY 2, 2011

The Empathy Map looks like this: In this chapter the authors walk you through processes to arrive a enhanced design like Customer Insights, ideation, providing an introduction to the value of visual thinking, how to use prototyping, story telling, and Scenario Planning. This final chapter puts it all together.

Business Model 141

Business Model Executive Coaching Execution Blog 141

Strategy Driven

OCTOBER 25, 2013

Crisis management is so much more than handling of the media. We therefore mounted a full-scope crisis management initiative that focused heavily on after-the-crisis help for the victims and their families. There are three aspects to Crisis Management and Preparedness. Next comes Crisis Planning. by Hank Moore.

Crisis Management 75

Crisis Management Crisis Risk Management Budgeting 75

Harvard Business Review

AUGUST 13, 2012

A terrorist incident, a breakdown of the London rail system, power blackouts, volcanic ash clouds , flooding, an outbreak of infectious disease—the London organizing committee (LOCOG) and the International Olympic Committee (IOC) spent years thinking about every scenario they could imagine.

Risk Management 15

Risk Management Management Committee Insurance 15

Strategy Driven

NOVEMBER 2, 2012

Questions to follow in Budgeting as part of Strategic Planning and Visioning processes include: Does this process increase your accountability to funding sources and to the public? Are budgeting measures used to manage performance? Is the performance management system focused upon outcomes? Collaborate with others.

Strategic Planning 66

Strategic Planning Budgeting Planning Competitive Advantage 66

Harvard Business Review

JULY 10, 2014

The product of an MIT CTL research initiative called Future Freight Flows, it is a method of convening conversations and achieving alignment, based on the practice of scenario planning. This makes scenario planning an effective approach for long-range freight transportation planning.

Planning 8

Planning Scenario Planning Transportation Workshop 8

Innovation Excellence

DECEMBER 10, 2019

One issue has been on my mind for quite some time. Let me share with you a key learning from my innovation work in and with diverse companies over the years. It can be termed pretty catchy as: Window of Corporate Opportunity. In brief, this notion can be delineated as follows: Sustainable, effective and impactful corporate innovation.

Innovation 79

Innovation Diversity Scenario Planning Company 79

Harvard Business Review

AUGUST 30, 2017

They have to manage their brain’s energy demands , timing their work so that their energy levels peak only when necessary. This management of energy often requires switching between focus and unfocus. For example, you may be strategizing on a project that requires scenario planning. Not Operating at Your Peak.

Scenario Planning 13

Scenario Planning Self-aware Energy Short-term 13

Harvard Business Review

OCTOBER 6, 2014

The restaurant chain, Olive Garden, uses predictive analytics to guide its food buying and retail staffing plans. This isn’t a retread of scientific management , nor is it an updated take on scenario planning. Strategy-making can now happen in real time. It’s an entirely different animal.

Strategy 12

Strategy Scenario Planning Scientific Management Supply Chain 12

Harvard Business Review

OCTOBER 6, 2014

The restaurant chain, Olive Garden, uses predictive analytics to guide its food buying and retail staffing plans. This isn’t a retread of scientific management , nor is it an updated take on scenario planning. Strategy-making can now happen in real time. It’s an entirely different animal.

Strategy 8

Strategy Scenario Planning Scientific Management Supply Chain 8

Harvard Business Review

NOVEMBER 1, 2011

For example, sometimes when a senior manager makes a request, it causes a cascade of activity that is far beyond what she intended. To minimize their negative impact, there are two steps that managers can take: Plan ahead (as much as you can). Author's Note: My colleague Holly Newman contributed ideas and research for this post.

Airlines 14

Airlines Supply Chain Scenario Planning Travel 14

First Friday Book Synopsis

MAY 23, 2012

Schoemaker is a pioneer in the field of decision sciences, among the first to combine the practical ideas of decision theory, behavioral economics, scenario planning, and risk management into a set of strategic decision-making tools for managers.

Scenario Planning 85

Scenario Planning Risk Management Tools Planning 85

Harvard Business Review

OCTOBER 25, 2012

Scenario planning is impossible. They told me that in the world where there are no precedents, you have to trust your own judgment. There are multiple ways of getting around each challenge, and a variety of consequences that can come from your actions. So instead you simply move forward in the way you know in your heart to be right.

Uncertainty 15

Uncertainty Scenario Planning Media Planning 15

Harvard Business Review

MARCH 23, 2011

Old efficiency thinking based on engineering and rational market models needs to be replaced by a creative intelligence based on imagining, building and managing new futures. A former assistant managing editor for Business Week , he is professor of Innovation and Design at Parsons The New School for Design.

Uncertainty 15

Uncertainty Supply Chain Scenario Planning Sharpe 15

Harvard Business Review

JANUARY 6, 2011

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.

Politics 15

Politics Gordon Scenario Planning Globalization 15

Harvard Business Review

MAY 29, 2017

and European elections, to management of the Syrian War, it’s clear that relations between the West and Russia have become increasingly hostile. But based on the experience and strategies of our clients, there are ways that they can manage the uncertainty. Jennifer Maravillas for HBR. that could influence the economy (e.g.

Policies 9

Policies Supply Chain Politics Long-term 9

Harvard Business Review

NOVEMBER 8, 2018

In addition, companies must begin to factor deep fakes and other reality-distortion techniques into their crisis-scenario planning. Pushing these platforms to take the future of misinformation seriously would be good not only for corporations but also for society at large.

Reputation 10

Reputation Company Video Crisis 10

Harvard Business Review

APRIL 3, 2015

It would be an antidote to the insularity that so many boards are criticized for, and a useful complement to the simulations and war-game tools that help with scenario planning and anticipating competitors’ moves. How tools are changing the way we manage, learn, and get things done.

Scenario Planning 8

Scenario Planning Tools Technology Compliance 8

Harvard Business Review

MAY 15, 2018

The sooner firms have a Brexit plan, the faster they can focus on managing these competitive dynamics. How to Plan for Brexit. Understand possible scenarios. After this, the firm should decide which scenarios it believes are the most likely to occur and are most threatening to the business.

Planning 8

Planning Supply Chain Strategic Planning Workshop 8

Harvard Business Review

OCTOBER 31, 2016

Sure, the value of an in-depth discovery phase; comprehensive, quantitative, and qualitative research; stakeholder interviews; scenario planning; and alignment are undisputed. And how often have you crafted a meticulous three-year strategic plan, only to have it become obsolete after a few months, or even weeks?

Agility 8

Agility Strategy Short-term Long-term 8

Harvard Business Review

MAY 2, 2016

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.

Strategy 8

Strategy Goleman Strategic Planning Parcell 8